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Question 7 please Question 7 5 pts Grimes Corp's Free Cash Flow for next year is expected to be $706, and it is expected to
Question 7 please
Question 7 5 pts Grimes Corp's Free Cash Flow for next year is expected to be $706, and it is expected to grow at a rate of 5% every year afterward. From the firm's most recent financial statements: cash of $317, short-term investments of $131, and debt of $1,050. The firm has 800 shares outstanding, and a WACC of 10%. The estimated price of the stock per share should be $ Margin of error for correct responses: +/- $.10. Rounding and Formatting instructions: Do not enter dofar signs or commas in your response. Do not round any intermediate work, but round your final response to 2 decimal places (example: if your answer is $12.34567, you should enter 12.35) Step by Step Solution
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