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Question 2 John Adam, an analyst with T.D. Wyse Securities, is trying to evaluate Company A's target stock price per share. Free cash flow (FCF)

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Question 2 John Adam, an analyst with T.D. Wyse Securities, is trying to evaluate Company A's target stock price per share. Free cash flow (FCF) estimates for the next 4 years are \\( -\\$ 5, \\$ 8, \\$ 12 \\), and \\( \\$ 18 \\) million, after which the FCF is expected to grow at \4.5. The overall firm cost of capital is \8.5. The firm has \\( \\$ 35 \\) million in debt and has 18 million shares of stock. What is the estimated value per share? Show your calculations. (25 points)

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