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A firm's levered cost of equity is 20%. Firm will grow at 10% after 3 years. Below are firm's free cash flow, interest expenses and

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A firm's levered cost of equity is 20%. Firm will grow at 10% after 3 years. Below are firm's free cash flow, interest expenses and change in debt in million for year 1, 2, and 3. Corporate tax rate =40%. What is the firm's equity value? $39.5 million $40.99 million $56.1 million $23.7 million

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