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Smith Technologies is expected to generate $160 million in free cash flow next year, and FCF is expected to grow at a constant rate of
Smith Technologies is expected to generate $160 million in free cash flow next year, and FCF is expected to grow at a constant rate of 3.5% per year indefinitely. Smith has no debt or preferred stock, and its WACC is 8.3%. If Smith has 52 million shares of stock outstanding, what is the stocks value per share? Round to four decimals
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