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13. Parets Company has a free cash flow to firm (FCFF) of $600 this year. This is expected to grow at a constant rate of

13. Parets Company has a free cash flow to firm (FCFF) of $600 this year. This is expected to grow at a constant rate of 10% per year for two years. After year 2, the FCFF is expected to grow at the rate of 2% per year, forever. An appropriate required return for this company is 15%. The level of debt outstanding is $3000. The number of shares outstanding is 200. Estimate the equity value per share today. (6 points)

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