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11-10 Corporate Valuation The financial statements of Lioi Steel Fabricators are shown below-both the actual results for 2012 and the projections for 2013. Free cash

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11-10 Corporate Valuation The financial statements of Lioi Steel Fabricators are shown below-both the actual results for 2012 and the projections for 2013. Free cash flow is expected to grow at a 6% rate after 2013-The weighted average cost of capital is 11%. a. If operating capital as of 12/31/2012 is $502.2 million, what is the free cash flow for 12/31/2013? b. What is the horizon value as of 12/31/2013? c. What is the value of operations as of 12/31/2012? d. What is the total value of the company as of 12/31/2012? e. What is the intrinsic price per share for 12/31/2012

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