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constant rate of 6% per year, 480,000 shares of stock are outstanding, and the current WACC is 14.00%. f debt will be 9% and its

image text in transcribed constant rate of 6% per year, 480,000 shares of stock are outstanding, and the current WACC is 14.00%. f debt will be 9% and its cost of equity will rise to 16.5%. What is the stock's current price per share (before the recapitalization)? Do not round intermediate calculations. Round your answer to the nearest cent. $ your answer to the nearest cent. $

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