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Olivia must estimate the intrinsic value of Isberg Inc.'s stock. The end-of-year free cash flow (FCF) is expected to be $25 million, and it is

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Olivia must estimate the intrinsic value of Isberg Inc.'s stock. The end-of-year free cash flow (FCF) is expected to be $25 million, and it is expected to grow at a constant rate of 6.25% a year thereafter. The company's WACC is 16.25%, it has $130 million of long-term debt plus preferred stock outstanding, and there are 10 million shares of common stock outstanding. What is the firm's estimated intrinsic value per share of common stock? O $12.00 $16.11 $13.00 $15.38 $25.00

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