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Business, 23.09.2021 02:40 kaciejackson91

Based on the free cash flow valuation model, the value of Wrigley Co.'s operations is $1,200 million. The company's balance sheet shows the following: $80 million in accounts receivable $60 million in inventory $100 million in short-term investments that are unrelated to operations. $90 million in accounts payable $120 million in notes payable $300 million in long-term debt $50 million in preferred stock $180 million in retained earnings $800 million in total common equity. If Wrigley has 25 million shares of stock outstanding, what is the best estimate of the stock's price per share?

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Based on the free cash flow valuation model, the value of Wrigley Co.'s operations is $1,200 million...
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