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FCFF single stage Given the information: Current FCFF = $1,000,000 Target debt to capital 0.2 Market value to debt = $15,000,000 Shares outstanding =

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FCFF single stage Given the information: Current FCFF = $1,000,000 Target debt to capital 0.2 Market value to debt = $15,000,000 Shares outstanding = 2,100,000 Required return on equity = 11% Cost of debt before tax = 6% Long-term growth in FCFF = Tax rate = 36% 5% Calculate the: a. cost of capital Number % Round your answer to two decimals. b. value of the firm $ Number Round your answer to the dollar. c. value of the equity per share $ Number Round your answer to the cent.

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