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A firm expects to have free cash flow of $93 million this year. Its free cash flow is expected to grow by 3.5% per year.

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A firm expects to have free cash flow of $93 million this year. Its free cash flow is expected to grow by 3.5% per year. The firm has $42 million in cash, $270 million in debt, 15.0 million shares, and a cost of capital of 8.0%. What should be the firm's stock price? Note: Your answer must accurate to within one cent. Your

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