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A firm is expected to have free cash flow of $629 million next year. The firm has $1 billion of outstanding debt and no preferred
A firm is expected to have free cash flow of $629 million next year. The firm has $1 billion of outstanding debt and no preferred stock. The WACC is 10% and FCF is expected to grow at 1% indefinitely. If the firm has 116 million shares outstanding, what is the expected value of the firm's stock price? (Round answer to the nearest cent, but dont round intermediate calculations and dont include the dollar sign.)
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