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MDX Corp. will maintain a permanent debt balance of $200. It will also generate free-cash-flows (FCF) of $150 one year from now. At the end

MDX Corp. will maintain a permanent debt balance of $200. It will also generate free-cash-flows (FCF) of $150 one year from now. At the end of every year thereafter its FCF will increase by 3%. Assuming that MDX has a marginal tax rate of 21% and an unlevered cost of capital (rA) of 15%, What is the value of MDX Corp? Round your final answer to two decimals.

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