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CORPORATE VALUATION Smith Technologies is expected to generate $120 million in free cash flow next year, and FCF is expected to grow at a constant

CORPORATE VALUATION Smith Technologies is expected to generate $120 million in free cash flow next year, and FCF is expected to grow at a constant rate of 7% per year indefinitely. Smith has no debt or preferred stock, and its WACC is 13%. If Smith has 60 million shares of stock outstanding, what is the stocks value per share? Round to TWO decimal places.

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