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HT generated $40 million in free cash flow at the end of the last year; its FCF is expected to grow at a constant rate
HT generated $40 million in free cash flow at the end of the last year; its FCF is expected to grow at a constant rate of 5.5% per year indefinitely. The company has no debt or preferred stock; its WACC is 13.5% and it has zero nonoperating assets. If HT has 22 million shares of stock outstanding, what is the stocks value per share?
Group of answer choices
$29.27
$21.33
$25.30
$23.98
$27.52
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