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The management of Margoot Ltd has calculated the value of the firm using the free cash flow to the firm approach. The value of

The management of Margoot Ltd has calculated the value of the firm using the free cash flow to the firm approach. The value of the firm is R1600000. The company's cost of capital is 18% and there are 500 000 shares in issue. The company has outstanding loans of R50 000. Calculate the current market value of one share in Margoot Ltd.

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