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Smith Technologies is expected to generate $175 million in free cash flow next year, and FCF is expected to grow at a constant rate of
Smith Technologies is expected to generate $175 million in free cash flow next year, and FCF is expected to grow at a constant rate of 6 percent per year indefinitely. Smith has no debt or preferred stock, and its WACC is 12 percent. If Smith has 50 million shares of stock outstanding, what is the stock's value per share? $62.56 $66.78 None O$58.33 $64.23
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