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Meow Inc. is expected to generate free cash flows of 10 million, 15 million, 20 million and 25 million over the next four years, after
Meow Inc. is expected to generate free cash flows of 10 million, 15 million, 20 million and 25 million over the next four years, after which free cash flows are expected to grow at a rate of 6% per year. If the weighted average cost of capital is 10% and Meow has cash of $50 million, debt of $60 million, and 30 million shares outstanding, what is Meows expected current share price?
A. $16.5
B. $17.5
C. $18
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