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A firm is expected to produce $50 million free cash flow next year. The WACC is 10% and the free cash flow is expected to

A firm is expected to produce $50 million free cash flow next year. The WACC is 10% and the free cash flow is expected to grow at a constant rate of 3%. The firm has $20 million debt and $5 million preferred stock. If the number of common shares is 40 million, what is the stock (common share) price today?

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