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Discounted cash flows valuation model. Smoothtone Products manufactures sound systems. The company's weighted average cost of capital is 1 2 percent. The company forecasted the

Discounted cash flows valuation model. Smoothtone Products manufactures sound systems. The company's weighted average cost of capital is 12 percent. The company forecasted
the following free cash flows for the next 20 years.
Use the discounted cash flow approach to value the Smoothtone Products Company.
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