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A company generated free cash flow of $70,000 in the year just ended, and the free cash flow is expected to grow at a 5%

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A company generated free cash flow of $70,000 in the year just ended, and the free cash flow is expected to grow at a 5% rate indefinitely into the future. The company has a cost of capital of 13%, no marketable securities, notes payable of $300,000, long-term debt of $150,000, no preferred stock, and 10,000 shares of common stock outstanding. What is the value of the stock per share (in dollars and cents)? Select one: a. $46.88 O b. $42.50 c. $41.43 d. $91.88

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