Assume that today is december 31, 2019, and that the following information applies to abner airlines: after-tax operating income [ebit(1 - t)] for 2020 is expected to be $550 million. the depreciation expense for 2020 is expected to be $170 million. the capital expenditures for 2020 are expected to be $350 million. no change is expected in net operating working capital. the free cash flow is expected to grow at a constant rate of 4% per year. the required return on equity is 14%. the wacc is 9%. the firm has $193 million of non-operating assets. the market value of the company's debt is $4.525 billion. 180 million shares of stock are outstanding. using the corporate valuation model approach, what should be the company's stock price today? do not round intermediate calculations. round your answer to the nearest cent.

Match the terms with the appropriate definition. 1. unpaid work done for a person or an organization lifestyle budget 2. any task that is useful volunteer work 3. a state-required legal document giving employees younger than eighteen years old permission to work work 4. a good or service that is desirable but not necessary want 5. wage amount after deductions are withheld net wage 6. lists the costs of items you choose to spend your money on work permit 7. the people who are both able and willing to work

Which statement below best describes george waring's approach to solving the problems of water-borne illness? a. waring is going with his "gut," because he believes that instincts and emotions are the best guides for action. b. waring efficiently and thoroughly lays out the case for why the problems are too large and overwhelming to be solved: people should just move out of cities back to their farms. c. waring has gathered the testimonies of people who live in densely populated areas in order to learn how they themselves have solved their problems. d. waring exhibits the industrial age's increased respect for and reliance on science and the scientific method.

Galwaysc electronics makes two products. model a requires component a and component c. model b requires component b and component c. new versions of both models are released each year with updated versions of all components. all components are sourced overseas, and abc contracts annually for a quantity of each component before seeing that year’s demand. components are only assembled into finished products once demand for each model is known. for the coming year, alwaysc’s purchasing manner has proposed ordering 500,000 units of component a, 630,000 of component b, and 1,000,000 units of component c. her boss has asked why she has recommended purchasing so much of components a and b when alwaysc will not have enough of component c to fully use all of the inventory of a and b. what factors might the purchasing manager cite to explain her recommended order? explain your reasoning.