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Please help solve by showing calculation steps: Smith Group has reported a free cash flow to the firm (FCFF) of $100 million. What is the
Please help solve by showing calculation steps:
Smith Group has reported a free cash flow to the firm (FCFF) of $100 million. What is the market value of equity if the free cash flow from equity is projected to grow at 4% indefinitely and the required rate of return is 10%? Smith Group has an interest expense of $15 million and its net debt increases by $1.2 million and a tax rate of 35%.
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