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Fred has 1,461 in cash. Fred will generate 3,148 in free cash flows per year in the future starting in one year and will pay

Fred has 1,461 in cash. Fred will generate 3,148 in free cash flows per year in the future starting in one year and will pay out all free cash flows as dividends in the future. Freds cost of capital is 0.14. There are 120 shares outstanding. Fred will use its cash to repurchase shares. How many shares outstanding following the repurchase? (Fred can repurchase partial shares.)

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