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A company has projected sales of $ 1 5 5 . 5 million next year. Costs are expected to be $ 1 0 0 million
A company has projected sales of $ million next year. Costs are expected to be $ million and net investment is expected to be $ million. Each of these values is expected to grow at percent the following year, with the growth rate declining by percent per year until the growth rate reaches percent where it will remain. There are million shares of stock outstanding. Investors require a return of percent and the corporate tax rate is percent. What is your estimate of the current stock price?
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