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Burke Technologies is expected to generate $140 million in free cash flow next year, and FCF is expected to grow at a constant rate of
Burke Technologies is expected to generate $140 million in free cash flow next year, and FCF is expected to grow at a constant rate of 9 percent per year indefinitely. Burke has no debt or preferred stock, and its weighted-average cost of capital is 11.5 percent. If Burke has 60 million shares of stock outstanding, what is the stocks value per share?
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