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5. Company ABC's free cash flow to equity (FCFE) was $60 million at the beginning of the year. The FCFE is expected to grow at

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5. Company ABC's free cash flow to equity (FCFE) was $60 million at the beginning of the year. The FCFE is expected to grow at a rate of 10% for the next two years when the required return on the stock will be 15%. In year three and thereafter (forever) the FCFE growth rate will be 2% and the required return on the stock will be 12%. The company has 10 million shares outstanding. Find the fair price of ABC's stock (ignoring the cash flow generated in the past, including that in year 0). Please answer all parts fully

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