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Please show work. Thank you A company had sales of $20 million, with a net profit margin of 25%. Further, the firm had depreciation expense
Please show work. Thank you
A company had sales of $20 million, with a net profit margin of 25%. Further, the firm had depreciation expense of $500,000, and increased investment in working capital and fixed assets by $200,000 and $400,000 respectively. You expect free cash flow to grow at 7%, and require a return of 10%. There are 10,000,000 shares outstanding. The per-share value of the companys stock is closest to:
a. $13.91
b. $17.48
c. $21.76
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