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answer Assume that today is December 31,2018 and that the following information applies to Vermeil Airlines: - After-tax operating income [EBIT(1 - T)] for 2019

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Assume that today is December 31,2018 and that the following information applies to Vermeil Airlines: - After-tax operating income [EBIT(1 - T)] for 2019 is expected to be $509 million. - The depreciation expense is expected to be $117 million. - The capital expenditures are expected to be $182 million. - No change is expected in net operating working capital. - The free cash flow is expected to grow at a constant rate of 5.4% per year. - The required return on equity is 12.8%. - The WACC is 9.2%. - The market value of the company's debt is $2.7 billion. - 257 million shares of stock are outstanding. Using the corporate valuation model approach, what should be the company's stock price today

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