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A company had free cash flows of $646 million last year. Free cash flows are expected to grow at 3% per year. The WACC for

A company had free cash flows of $646 million last year. Free cash flows are expected to grow at 3% per year. The WACC for the firm is 9.7%. They currently have $9.3 billion in debt outstanding, and have 168 million common stock outstanding. The company has 7 million preferred stock outstanding, that currently trade at $49. What is the estimate of the stock price based on the firm valuation model

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