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A firm had a free cash flow (FCF) in the prior year of $125 million. The FCF is expected to grow at 3% per year

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A firm had a free cash flow (FCF) in the prior year of $125 million. The FCF is expected to grow at 3% per year into perpetuity. The appropriate discount rate is 12%. The firm has 50 million shares outstanding. The firm has no debt and minimal cash. What is the firm's current value? What is the firm's estimated current market price per share? (75 POINTS)

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