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Given: Free Cash Flow (next year) 100 Free Cash Flow Growth 2% Unlevered Cost 10% Tax Rate 35% Outstanding Shares 100 D/V Ratio 25% Debt-to-equity

Given:

Free Cash Flow (next year) 100

Free Cash Flow Growth 2%

Unlevered Cost 10%

Tax Rate 35%

Outstanding Shares 100

D/V Ratio 25%

Debt-to-equity 33%

Cost of Debt 5%

What is the FAIR VALUE PER SHARE?

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