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A company is forecasted to generate free cash flows of $54 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 $54 million for the next three years. After that, cash flows are projected to grow at a 2.2% annual rate in perpetuity. The company's cost of capital is 9.3%. The company has $61 million in debt, $5 million of cash, and 15 million shares outstanding. What's the value of each share? O a. 33.4 b. 71.4 C. 32.7 O d. 39.1 e. 45.0 OOOO

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