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E elbook Assume that today is December 31, 2019, and that the following information applies to Abner Airlines After-tax operating income (EBIT) for 2020 is

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E elbook Assume that today is December 31, 2019, and that the following information applies to Abner Airlines After-tax operating income (EBIT) for 2020 is expected to be $550 million The depreciation expense for 2020 is expected to be 590 million + The capital expenditures for 2020 are expected to be $375 million No change is expected in net operating working capital The free cash flow is expected to grow at a constant rate of per year. The required return on equity 14 The WACC IS 9 The firm has $209 million of non-operating assets The market value of the company's debts $3.689 billion 170 million shares of stock are outstanding Using the corporate valuation model approachwhat should be the company's stock price today? Do not round intermediate calculations. Round your answer to the nearest cont

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