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A company has the following projected FCF. - Year 1FCF=$18 million. - Year 2FCF=$20 million. - Year 3FCF=$28 million - FCF grows at constant rate

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A company has the following projected FCF. - Year 1FCF=$18 million. - Year 2FCF=$20 million. - Year 3FCF=$28 million - FCF grows at constant rate of 6% after year 3. WACC =10% Marketable securities =$75. Debt =$112; Preferred stock =0; 10 million shares of stock outstanding Find the price per share. What is the terminal or horizon value of operations at the end of year 3 (when the constant growth rate begins)? What is the value of operations at time 0(Vopo) ? What is the total of both sources of firm value (value of operations +& nbsp; value of non-operating assets)? What is the value of equity? What is the estimated price per share

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