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The present value of Richardson Enterprises expected free cash flows is $120 million. If Richardson has $50 million in debt, $8 million in cash, and

  • The present value of Richardson Enterprises expected free cash flows is $120 million. If Richardson has $50 million in debt, $8 million in cash, and 2 million shares outstanding, what is its share price?A.$42
  • B.$38
  • C.$28
  • D.$39
  • E.$49

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