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Question 7 1 Point A company had free cash flows of $574 million last year. Free cash flows are expected to grow at 3.3% per

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Question 7 1 Point A company had free cash flows of $574 million last year. Free cash flows are expected to grow at 3.3% per year. The WACC for the firm is 9.3%. They currently have $9 billion in debt outstanding, and have 203 million common stock outstanding. The company has 1 million preferred stock outstanding, that currently trade at $23. What is the estimate of the stock price based on the firm valuation model? Add your

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