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Joaquin Co has the following projected sales, cost, not investments, and free cash flow in millions. The anticipated growth rate in fees cash flows after
Joaquin Co has the following projected sales, cost, not investments, and free cash flow in millions. The anticipated growth rate in fees cash flows after year six is 3% per year forever. there are 10 million shares outstanding and investors require a return of 7% on the company stock. suppose instead that you estimate the terminal value using the PE multiple of 18, calculate the price of the company stock
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