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A companys free cash flow next year is expected to be $2.3 million and the free cash flow is expected to grow forever at a
A companys free cash flow next year is expected to be $2.3 million and the free cash flow is expected to grow forever at a rate of 5.4% per year. The companys weighted average cost of capital is 10.4% per year and the market value of its debt is $22.6 million. If the company has four million shares of common stock outstanding, what is the value per share?
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