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FinCorp s free cash flow to the firm is reported as $ 2 6 5 million. The firm s interest expense is $ 3 4

FinCorps free cash flow to the firm is reported as $265 million. The firms interest expense is $34 million. Assume the corporate tax rate is 21% and the net debt of the firm increases by $3 million.
What is the market value of equity if the FCFE is projected to grow at 3% indefinitely and the cost of equity is 12%?

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