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The following information is taken from XYZ Corporation company records: Free cash flow of $3 million in year 1. Discount rate (required rate of

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The following information is taken from XYZ Corporation company records: Free cash flow of $3 million in year 1. Discount rate (required rate of return) is 7%. Growth rate is 4%. Terminal value (TCF) will be three times the discounted value of the cash flow in year 6. The following information is taken from XYZ Corporation comparative financial statements for the most recent two years: 12/31/Y2 Earnings available to common shareholders Number of common shares outstanding $ 82,800 12/31/Y1 $ 103,530 21,500 Market value per share of stock $ 52 $ 23,250 56 Complete the company valuation calculations in the worksheet provided. Do not modify the worksheet and fill in all highlighted cells with your work. Worksheet cells are already formatted for proper number labeling and two decimal places. You must show your work using Excel formulas for the opportunity at full credit. Submit the file via the submit link in Moodle.

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