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QUESTION 22 TRX Corporation is expected to generate free cash flows (FCF) of $6.51 million in year 1, $8.84 million in year 2, $11.32 million

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QUESTION 22 TRX Corporation is expected to generate free cash flows (FCF) of $6.51 million in year 1, $8.84 million in year 2, $11.32 million in year 3 and $15.6 million in year 4. After then, the FCF will grow by 2% per year. TRX has 10 million shares outstanding, 54 million in excess cash, and it has $2 million in debt. If its cost of capital is 5%, the stock price would be _? Input your answer without the sign and round your answer to two decimal places

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