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Listen You are considering buying common stock in Grow On, Inc. You have calculated that the firm's free cash flow was $3.50 million last year.

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Listen You are considering buying common stock in Grow On, Inc. You have calculated that the firm's free cash flow was $3.50 million last year. You project that free cash flow will grow at a rate of 5.0% per year indefinitely. The firm currently has outstanding debt and preferred stock with a total market value of $5.46 million. The firm has 1.94 million shares of common stock outstanding. If the firm's cost of capital is 25.0%, what is the most you should pay per share for the stock now? $9.47 O $6.66 $18.38 slip. 92 $20.08

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