Malt Beer Water Co just recorded Free Cash Flows in the most recently reported year of $40

million. Analysts expect the company's NOPAT to be $66 million this upcoming year, while in the

second year, NOPAT is projected to be $75 million. The net capital spending for the same two

periods are$6 million and $10 million accordingly. In the third year, FCF's are expected settle to a constant

growth of 6%. The required rate of return on the company's stock is 12 percent. The Company has

$120 million of debt, and 100 million shares of stock outstanding. What is the value of the firm?

What should be the current price of the company's stock?

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