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A firm's end - of - year free cash flow is anticipated to be $ 1 2 7 million. The firm's free cash flows are

A firm's end-of-year free cash flow is anticipated to be $127 million. The firm's free cash flows are expected to grow 9 percent a year, forever. The firm's weighted average cost of capital is 10 percent, and the firm has 85 million common stock outstanding shares. If the firm has $430 million in preferred stock and long-term debt, the firm's estimated intrinsic value of its common stock per share is $
Calculate to two decimal points using the following formula: WACC - g))- total debt)/ common shares.
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