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Smith Technologies is expected to generate $121 million in free cash flow next year, and FCF is expected to grow at a constant rate of
Smith Technologies is expected to generate $121 million in free cash flow next year, and FCF is expected to grow at a constant rate of 2.6% per year indefinitely. Smith has no debt or preferred stock, and its WACC is 6.1%. If Smith has 55 million shares of stock outstanding, what is the stocks value per share? ROUND OUT TO FIVE DECIMALS
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