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Manasi Investment Corporation (MIC) expects to generate $50 million in free cash flow next year. This amount is expected to grow by 3% indefinitely. MIC

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Manasi Investment Corporation (MIC) expects to generate $50 million in free cash flow next year. This amount is expected to grow by 3% indefinitely. MIC has no debt and has accumulated $200 million of excess cash on its balance sheet. The firm's unlevered cost of equity is 8%, and it has 40 million shares outstanding. A) Calculate the firm's value per share before dividend payout to investors. B) Determine the value to an investor that holds a share until the ex-dividend date. C) Calculate the ex-dividend price of MIC. D) Determine the value to an investor that holds a share until ex-dividend date

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