ABV Inc. has earnings before interest and taxes of ($250) million, expected to grow 5% a year

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ABV Inc. has earnings before interest and taxes of \($250\) million, expected to grow 5% a year forever; the tax rate is 40%. Its cost of capital is 10%, its reinvestment rate is 33.33%, and it has 200 million shares outstanding. If the firm has \($500\) million in cash and marketable securities and \($750\) million in debt outstanding, estimate the value of equity per share.

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