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A company has EBIT of $5.79 per share and a tax rate of 21.6%. Their ROIC is 22.5% and an analyst is assuming the long-run

A company has EBIT of $5.79 per share and a tax rate of 21.6%. Their ROIC is 22.5% and an analyst is assuming the long-run GDP growth rate of 2.46% will apply to this firm as their long-run growth rate. Their required return is 11.6% and their WACC is 7.3%. What is their estimated intrinsic value using the ROIC valuation method? State your answer as a dollar amount with two decimal places.

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