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MM Corporation expects to have $65 million in EBIT, $14 million of additional working capital, $32 million in capital expenditures, and $38 million in depreciation
MM Corporation expects to have $65 million in EBIT, $14 million of additional working capital, $32 million in capital expenditures, and $38 million in depreciation this year. The firm has a tax rate of 35% and a WACC of 9%. Its free cash flow is expected to grow by 3% per year. If the firm has $17 million in cash, $120 million in debt, and 6 million shares, what should be the stock price? O $23.81 O $44.64 O $77.97 O$85.75 O $112.31
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