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Assume that today is December 31, 2019, and that the following information applies to Abner Airlines: - After-tax operating income [F8tT(1 - T)] for 2020

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Assume that today is December 31, 2019, and that the following information applies to Abner Airlines: - After-tax operating income [F8tT(1 - T)] for 2020 is expected to be 5450 million. - The depreciation expense for 2020 is expected to be $180 million. - The capital expenditures for 2020 are expected to be $450 milion. - No change is expected in net operating working capital. - The free cash fiow is expected to -arow at a constant rate of 7% per year: - The requared return on equity is 14%. - The WACc a 9\%i. - The firm has $204 million of non-operating assets. - The market value of th company's debt is $4,996 billion, - 160 mifion shures of stock are outstanding. Using thyi corporate valuation model approach, what should be the company's stock price today? Do nict round intermediate calculasins, Round Yuur answee to the neirtiti. Cent

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