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ACME Corporation is a fast-growing supplier of office products. Analysts project the following free cash flows (FCFs) during the next 5 years [25,10,5,15,25] (in millions),

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ACME Corporation is a fast-growing supplier of office products. Analysts project the following free cash flows (FCFs) during the next 5 years [25,10,5,15,25] (in millions), after which FCF is expected to grow at a constant 6% rate. ACME WACC is 10%. Assume that ACME has zero nonoperating assets. ACME has $80 million in debt and preferred stock and currently 18 million shares are outstanding. What is the firm's stock price? (Note, this is the same information as in the previous problem). $19.97 $18.84 $19.36 $18.33 $19.12

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