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show formula The free cash flow to the firm is $300 million in perpetuity, the cost of equity equals 14%, and the WACC is 10%.

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The free cash flow to the firm is $300 million in perpetuity, the cost of equity equals 14%, and the WACC is 10%. If the market value of the debt is $1 billion, what is the value of the equity using the free cash flow valuation approach? \$1 billion $2 billion $3 billion $4 billion

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