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The current free cash flow to equity ( FCFE ) of a firm is $ 1 , 3 9 3 . If the risk -

The current free cash flow to equity (FCFE) of a firm is $1,393. If the risk-free rate is 5.98%, the beta of the stock is 1.28 and the equity market risk premium is 3.73%, what is the current market value of equity of this stock if the FCFE is expected to grow at 2.87% in perpetuity?

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