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Telstra had a FCFE of $1.44b last year and has 3.6b shares outstanding. Telstra's required return on equity is 12% and WACC is 9.8%. If

  1. Telstra had a FCFE of $1.44b last year and has 3.6b shares outstanding. Telstra's required return on equity is 12% and WACC is 9.8%. If FCFE is expected to grow at 9% forever, the intrinsic value of the Telstra's share is closest to

    A.

    $68.13
    B.

    $18.17
    C.

    $26.35
    D.

    $14.53

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