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Assume that today is December 31,2021 , and that the following information applies to Abner Airtines: - After tax operating income ( EBrt (1 -

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Assume that today is December 31,2021 , and that the following information applies to Abner Airtines: - After tax operating income ( EBrt (1 - T) ) for 2022 is expected to be $650 mallion. - The depreciation expense for 2022 is expected to be $100 milition. - The captal expenditures for 2022 arn expected to be $425 million. *. No change is expected in net operating working capital. - The free cash flow is expected to grow at a constant rate of 4% per year: - The required return on equity is 14%. - The wacc in 994. - The firm has $201 milion of nonoperating assets. - The market value of the company's debt is $2.908 bilion. - 220 million shares of stock are outstanding. Using the corporate valuation model approach, what should be the company' stock prico today? Do not round intermedate calculations. Round your answer to the nearest cont. Assume that today is December 31,2021 , and that the following information applies to Abner Airtines: - After tax operating income ( EBrt (1 - T) ) for 2022 is expected to be $650 mallion. - The depreciation expense for 2022 is expected to be $100 milition. - The captal expenditures for 2022 arn expected to be $425 million. *. No change is expected in net operating working capital. - The free cash flow is expected to grow at a constant rate of 4% per year: - The required return on equity is 14%. - The wacc in 994. - The firm has $201 milion of nonoperating assets. - The market value of the company's debt is $2.908 bilion. - 220 million shares of stock are outstanding. Using the corporate valuation model approach, what should be the company' stock prico today? Do not round intermedate calculations. Round your answer to the nearest cont

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