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Industrial Bruin Lights is expected to have $17 millions in free cash flows next year. The growth rate of free cash flows is expected to

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Industrial Bruin Lights is expected to have $17 millions in free cash flows next year. The growth rate of free cash flows is expected to be 14% in the following year, 12% in the year after that, and continue declining by 2% until it reaches 6%, where it is expected to remain indefinitely The firm has no debt, and there are 6 million shares outstanding. Investors require 15% return on the company stock. The tax rate is 40%. What is your estimate of the current share price? Select one: a.$78.52 O b.$36.86 c.$20.90 d.$57.76 e. $29.08

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