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Company ABC's after-tax cash flow is $10 million (at the end of) this year and expected to grow at 5% per year forever. The appropriate
Company ABC's after-tax cash flow is $10 million (at the end of) this year and expected to grow at 5% per year forever. The appropriate discount rate is 9%. What is the value of company ABC? (Note: Your answer should be expressed in units of millions of dollars.)
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