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The estimate of a firms present value of free cash flows is $400 million. Its invested capital is $700 million. It has cash holdings of

The estimate of a firms present value of free cash flows is $400 million. Its invested capital is $700 million. It has cash holdings of $9 million. The value of debt and capitalized leases are $220 million and $33 million, respectively. They have 2.0 million shares outstanding.

What is the estimated value of a share of stock? __

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