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KYZ Inc. is expected to have $ 8 million free cash flow ( CFFA ) in the coming year. This free cash flow will grow

KYZ Inc. is expected to have$8 millionfree cash flow (CFFA) in the coming year. This free cash flow will grow at a rate of 3% per year thereafter. KYZ has an cost of equity of 13%, a cost of debt of 7%. It is in the 35% corporate tax bracket. If KYZ's current debt to equity ratio is 0.5, the value of KYZ as an all equity firm would be ___ million.

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