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The free cash flow to the equity holder is expected to be $ 2 mil for years 1 and 2 . After year 2 ,

The free cash flow to the equity holder is expected to be $2 mil for years 1 and 2. After year 2, the free cash flow is expected to grow at a rate of 4% per year. The market capitalization rate of the equity is 10%. If the firm has 400,000 shares of stock outstanding, what is the predicted price of the stock? Round your answer to two decimal places.

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