The following information has been collected for Lightfoot Company:
Required:
Estimate the price per share for Lightfoot Company's common stock using the discounted free cash flow model.
Definitions:
Parliamentary Democracies
A system of government in which a constitution outlines the separation of political power into branches, the ministers are chosen by the parliament (legislative branch).
Presidential Democracies
A system of government in which a constitution outlines the separation of political power into branches, the president (executive branch) is most often elected directly in a presidential vote
Egalitarianism
The doctrine that advocates for equal rights and opportunities for all people in a society.
Legislative Branch
One of the branches of government responsible for making and enacting laws.
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