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show work no excel answers please 5. Pel's Inc forecasts free cash flow in one year to be $20 million and free cash flow in

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5. Pel's Inc forecasts free cash flow in one year to be $20 million and free cash flow in two years to be $30 million. After the second year, free cash flow will grow at a constant rate of 5 percent per year forever. The weighted average cost of capital is 15 percent. The company's debt and preferred stock has a total market value of $60 million and there are 10 million outstanding shares of common stock. What is the (per-share) intrinsic value of the company's common stock

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