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Analysts project the following free cash flows (FCFs) for Ezzell Corporation during the next 3 years, after which FCF is expected to grow at a

Analysts project the following free cash flows (FCFs) for Ezzell Corporation during the next 3 years, after which FCF is expected to grow at a constant 7% rate. Ezzells WACC is 12%. Ezzell has $100 in debt and 50 shares of stock.

TIME 0 1 2 3 4

FCF 0 -50 60 35 ??

What is Ezzells terminal value?

What should be the current price of Ezzells stock?

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