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d. TTC recently introduced a new line of products that has been wildly successful. On the basis of this success and anticipated future success, the

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d. TTC recently introduced a new line of products that has been wildly successful. On the basis of this success and anticipated future success, the following free cash flow were projected (in millions): Year FCF 1 $ 2 3 4 10 $6.3 $14.3 $20.1 $44,8 $64.3 $85.9 $105.2 $129.5 $145.13 $161.3 After the 10th year, TTC's financial planners anticipate that its free cash flow will grow at a constant rate of 5%. Also, the firm concluded that the new product caused the WACC to fall to 7%. The market value of TTC's debt is $1,300 million, it uses no preferred stock, it has zero nonoperating assets; and there are 20 million of common stock outstanding. Use the corporate valuation model to value the stock. Round your answer to the nearest cent. per share

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