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A finance corporation's ree cash flow is reported as $200 mil.The firm's interest expense is $22 mil.Assume the tax rate is 35% and the net
A finance corporation's ree cash flow is reported as $200 mil.The firm's interest expense is $22 mil.Assume the tax rate is 35% and the net debt of the firm increases by $3 mil.What is the market value of equity if the free cash flow to equity (FCFE) is projected to grow at 3% indefinitely and the cost of equity is 10%?
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