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please solve 2 Decker Tires free cash flow was just FCF - $1.32. Analysts expect the company's free cash flow to grow by 3 30%

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2 Decker Tires free cash flow was just FCF - $1.32. Analysts expect the company's free cash flow to grow by 3 30% this year, by 10% in Year 2, and at a constant rate of 5% in Year 3 and thereafter. The WACC for this company 9.00%. Decker has $4 million in short-term investments and $14 million in debt and 1 million 5 shares outstanding. What is the best estimate of the stock's current intrinsic price? 7 INPUTS (In millions) 9 FCF 10 90. 11 91.2 12 g 13 WACC 14 Short-term investments 15 Debt 16 Number of shares of stock $1.32 30% 10% 5% 9 % $4,000,000 $14,000,000 1,000,000 18 19 20 FCF 21 HV, 22 Total CF 23 Vop 24 25 Value of operations 26 Short-term investments 27 Total value of company 28 Less value of debt Estimated value of equity 30 Divided by number of shares Price per share $4,000,000.00 29 Est

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