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A company is forecasted to generate free cash flows of $55 million for the next three years. After that, cash flows are projected to grow

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A company is forecasted to generate free cash flows of $55 million for the next three years. After that, cash flows are projected to grow at a 2.8% annual rate in perpetuity. The company's cost of capital is 8.1%. The company has $58 million in debt, $10 million of cash, and 21 million shares outstanding. What's the value of each share? a. 81.2 b. 23.2 C. 60.5 d. 35.1 e. 44.7

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