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A company is projected to have a free cash flow of $243 million next year, growing at a 5.6% rate until the end of year

A company is projected to have a free cash flow of $243 million next year, growing at a 5.6% rate until the end of year 3. After that, cash flows are expected to grow at a stable rate of 2.1%. The company's cost of capital is 12.7%. The company owes $71 million to lenders and has $17 million in cash. If it has 221 million shares outstanding, what is your estimate for its stock price? Round to one decimal place.

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To estimate the stock price of the company we will use the discounted cash flow DCF model We will calculate the present value of all future cash flows ... blur-text-image

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