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A company is projected to generate free cash flows of $743 million per year for the next 3 years (FCFF1, FCFF2 and FCFF3). Thereafter, the
A company is projected to generate free cash flows of $743 million per year for the next 3 years (FCFF1, FCFF2 and FCFF3). Thereafter, the cash flows are expected to grow at a 1.9% rate in perpetuity. The company's cost of capital is 10.6%. The company owes $129 million to lenders and has $79 million in cash. If it has 164 million shares outstanding, what is your estimate for its stock price? Round to one decimal place.
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