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17. A company expects to generate the free cash flow of $20 million, $25 million, and $30 million for the next three years. From year
17. A company expects to generate the free cash flow of $20 million, $25 million, and $30 million for the next three years. From year 4, the free cash flows are expected to have a constant growth rate of 2% indefinitely. It has 10 million shares outstanding and the debt value of $50 million. If its weighted average cost of capital is 10%, what is the equity value per share?
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