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A stock has no dividends. Last periods FCFE is $5.38 and it has an estimated annual free cash flow growth rate of 7.8%. The required
A stock has no dividends. Last periods FCFE is $5.38 and it has an estimated annual free cash flow growth rate of 7.8%. The required return for this stock is 12.85% and its long term growth rate is 2.46%. It also has an ROE of 34.3%. What it the estimated intrinsic value using the constant state FCFE method? State your answer as a dollar amount with two decimal places and use the adjusted method as shown in the textbook.
Answer = 51.82, just need to see the steps to get to the answer please. Thanks.
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