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(a) (5 points) Company X is expected to generate $ 75 million free cash flow next year, it is expected to grow at a constant
(a) (5 points) Company X is expected to generate $ 75 million free cash flow next year, it is expected to grow at a constant rate of 6 % per year. The firm has no debt or preferred stock and has a WACC of 9 %. The company has $ 50 million of shares outstanding. Using corporate valuation model, what is the value of company's stock per share
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