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Problem 3.6 (15 pts) A company has 500 shares outstanding, and the company announces a new project that will generate free cash flows of 600

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Problem 3.6 (15 pts) A company has 500 shares outstanding, and the company announces a new project that will generate free cash flows of 600 per year. The cost of capital for the company is 0.15. The stock price immediately increases by 5.38. How long does the market expect the additional cash flows of 600 per year to continue

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