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Assume that today is December 31,2021 and that the following information applies to Abner Airlines: - After-tax operating income [EBIT( - T)] for 2022 is

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Assume that today is December 31,2021 and that the following information applies to Abner Airlines: - After-tax operating income [EBIT( - T)] for 2022 is expected to be $450 million. -. The depreciation expense for 2022 is expected to be $180 million. - The capital expenditures for 2022 are expected to be $300 million. - No chanoe is expected in net operating workino capital. - The free cash flow is expected to orow at a constant rate of 4% pen year. - The requlred return on equity is 14%. - The WACC 15120% - The firm has $196 million of nonoperating assets. * The market yalue of the company's debt is $2.700 billion. 4 150 million shares of stock are outstanding. Usino the corporate valuation model approach, what should be the company's stock price today? Do not round intermediate cafculations. flound your answer to the nearest cent

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