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Jacob Enterprises has $11 million in debt, $7 million in excess cash, and is expected to have free cash flow of $17 million next year.

Jacob Enterprises has $11 million in debt, $7 million in excess cash, and is expected to have free cash flow of $17 million next year. Its FCF is then expected to grow at a rate of 2% per year forever. If Jacob's equity cost of capital is 12% and it has 6 million shares outstanding, what should be the price of Yeti stock?

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