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IndirecTV, Inc. currently has 10 million common stock shares outstanding. Over the next 3 years, the firm anticipates capital expenditures that will lead to volatility

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IndirecTV, Inc. currently has 10 million common stock shares outstanding. Over the next 3 years, the firm anticipates capital expenditures that will lead to volatility in discretionary cash flow. From Year 4 on, however, the firm anticipates stable income and discretionary cash flows. You have the following forecasts of management available:

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