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A firm is expected to make $1 in free cash flow next year, S2 in free cash flow two years from now, and $4 in

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A firm is expected to make $1 in free cash flow next year, S2 in free cash flow two years from now, and $4 in free cash flow three years from now. Then the firm's free cash flow is expected to grow by 3% per year forever. The discount rate for the firm's equity is 126. What is a fair stock price for the firm (HINT: Use the 2-stage stock pricing valuation model)? $37.92 O $32.58 $41.53 $44.22

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