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Lilly expects a firm's free cash flow to equity holders over the next 2 years to be $6023 and $9018. At the time of her
Lilly expects a firm's free cash flow to equity holders over the next 2 years to be $6023 and $9018. At the time of her last forecasted cash flow (the end of the year 2), she expects the FCFE to grow indefinitely at 11%. What is the intrinsic value of a share assuming there are 16149 shares outstanding? Assume the required rate of return is 15%.
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