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Assume ABC corporation will exist in perpetuity. It's most recent annual free cash flow (payment) is $75 million, which is expected to grow by 3.50%

Assume ABC corporation will exist in perpetuity. It's most recent annual free cash flow (payment) is $75 million, which is expected to grow by 3.50% per year in perpetuity. Investors expect ABC to earn a 9.50% rate of return. What is ABC's current market value?

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