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The current free cash flow to equity ( FCFE ) of a firm is $ 5 8 6 . If the risk - free rate

The current free cash flow to equity (FCFE) of a firm is $586. If the risk-free rate is 3.83%, the beta of the stock is 1.22 and the equity market risk premium is 4.12%, what is the current market value of equity of this stock if the FCFE is expected to grow at 2.28% in perpetuity?

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