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Dozier Corporation is a fast - growing supplier of office products. Analysts project the following free cash flows ( FCFs ) during the next 3

Dozier Corporation is a fast-growing supplier of office products. Analysts project the following free cash flows (FCFs) during the next 3 years, after which FCF is expected to grow at a constant 5% rate. Doziers weighted average cost of capital is WACC =12%. Suppose Dozier has $20 million in marketable securities, $250 million in debt, and 10 million shares of stock. What is the intrinsic price per share?
Year 123
Free cash flow ($ millions)($10) $25 $50

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