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FMT Corporation expects to generate free-cash flows of P200,000 per year for the next five years. Beyond that time, free cash flows are expected to

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FMT Corporation expects to generate free-cash flows of P200,000 per year for the next five years. Beyond that time, free cash flows are expected to grow at a constant rate of 5 percent per year forever. If the firm's average cost of capital is 15 percent, the market value of the firm's stock is P500,000, and FMT has a half million shares of stock outstanding, what is the value of FMT's stock

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