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Assume that x Y Z , Inc. is expected to generate $ 5 million in net cash flows per year indefinitely. The firm's tax rate

Assume that xYZ, Inc. is expected to generate $5 million in net cash flows per year indefinitely. The firm's tax rate is 35%. After satisfying all mandatory obligations, all remaining free cash flow (FCF) is distributed to common stockholders in the form of cash dividends. The appropriate cost of equity capital, to ABC, is 14%. What is the amount of the FCF to common equity holders each year?
$3,250,000
$23,214,286
$28,214,286
$33,214,286
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