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Cash ($ millions)800 Current portion of long-term debt (in $ millions) 500 Expected free cash flow to the firm in 1 year(in $ millions)1,000 Expected

Cash ($ millions)800

Current portion of long-term debt (in $ millions) 500

Expected free cash flow to the firm in 1 year(in $ millions)1,000

Expected free cash flow to the firm in 2 years(in $ millions)1,400

Expected growth rate for FCFFs after 2 years from now5.00%

Long-term debt reported in long-term liabilities (in $ millions)4,900

Number of share outstanding as of valuation date (in millions)116.0

Short-term debt (in $ millions)300

Total book value of assets ($ millions)3,600

Total book value of equity ($ millions)2,300

WACC for firm A12.00%

What is the price per share of Firm A stock based on the discounted cash flow (DCF) method of valuation?

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