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A corporation has 20 million shares outstanding. Its projected free cash flow for next year is $30 million (FCFI) and is expected to grow at

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A corporation has 20 million shares outstanding. Its projected free cash flow for next year is $30 million (FCFI) and is expected to grow at a constant rate of 5.5%. If the firm's WACC is 13% and it has $120.0 million of debt plus preferred stock outstanding, what is the firm's estimated intrinsic value per share of common stock. $40.00 $34.00 $14.00 $28.00

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