Wonka Confectioners most recent FCF was $48 million, which is expected to grow at a constant rate of 6%. The firmAf?cAc‚¬Ac„?cs WACC is 12% and it has 15 million shares
of common stock outstanding. The firm has $30 million in short-term investments which it plans to distribute to common shareholders through a stock repurchase.
The firm has no other non-operating assets. It has $368 million in debt and $60 million in preferred stock.
What is the value of the firmAf?cAc‚¬Ac„?cs operations?