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CORPORATE VALUATION Smith Technologies is expected to generate $125 million in free cash flow next year, and FCF is expected to grow at a constant
CORPORATE VALUATION Smith Technologies is expected to generate $125 million in free cash flow next year, and FCF is expected to grow at a constant rate of 6% per year indefinitely. Smith has no debt or preferred stock, and its WACC is 11%. If Smith has 55 million shares of stock outstanding, what is the stocks value per share? Round to TWO decimal places.
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