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GrowthEasy generated free cash flow of $2.3 today, and is expected to grow this FCFE at a rate of 20% over the next 4 years.

GrowthEasy generated free cash flow of $2.3 today, and is expected to grow this FCFE at a rate of 20% over the next 4 years. After this period FCFE is expected to grow at a constant growth rate of 6%. If the required rate of return is 14% what should be the stock price of GrowthEasy?

a. $47.89

b. $63.19

c. $49.26

d. $47.2

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