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Homework: Chapter 17 Save Score: 5 of 23 pts 15 of 23 Question 15: Problem 17.LO3.57 (similar to) Question Help Settings Overhill Railroads is forecast

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Homework: Chapter 17 Save Score: 5 of 23 pts 15 of 23 Question 15: Problem 17.LO3.57 (similar to) Question Help Settings Overhill Railroads is forecast to generate free cash flow of $34 million in one year. (Assume that free cash flow is paid at the end of each year and we are at the beginning of a year.) After that, free cash flow is expected to grow at 4% per annum in perpetuity. The WACC for Overhill Railroads is 13%. The firm has 45 million shares outstanding and the market value of its debt is $250 million. What is the fair price for Overhill Railroads' shares today? The fair price for each of Overhill Railroads' shares today is $ (Round to the nearest cent as needed.) Enter your answer in the answer box and then click Check Answer. All parts showing Clear All Check

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