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Assume that today is December 31,2019 , and that the following information applies to Abner Airlines: Questions Navigation Menu BIT (1T) ] for 2020 is

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Assume that today is December 31,2019 , and that the following information applies to Abner Airlines: Questions Navigation Menu BIT (1T) ] for 2020 is expected to be $700 million. - Ine aepreciation expense ror 2020 is expected to be $140 million. - The capital expenditures for 2020 are expected to be $250 million. - No change is expected in net operating working capital. - The free cash flow is expected to grow at a constant rate of 3% per year. - The required return on equity is 14%. - The WACC is 9%. - The firm has $202 million of non-operating assets. - The market value of the company's debt is $4.711 billion. - 190 million shares of stock are outstanding

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