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Franktown Motors is expected to have an EBIT of $ 6 8 7 , 4 0 0 next year. Depreciation, the increase in net working
Franktown Motors is expected to have an EBIT of $ next year. Depreciation, the increase in net working capital, and capital spending are expected to be $ $ and $ respectively. All cash flow items are expected to grow at percent per year for four years. After Year the CFA is expected to grow at percent indefinitely. The company currently has $ million in debt and shares outstanding. The company's WACC is percent and the tax rate is percent. What is the price per share of the company's stock?
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