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11. Nora Watson is planning to value AAPL Corporation, a provider of a variety of industrial metals and minerals. Watson uses a single-stage FCFF approach.

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11. Nora Watson is planning to value AAPL Corporation, a provider of a variety of industrial metals and minerals. Watson uses a single-stage FCFF approach. The financial information Watson has assembled for her valuation is as follows: The company has 17 billion shares outstanding. The market value of its debt is $123 billion. The FCFF is currently $75.823 billion. The equity beta is 1.04; the equity risk premium is 6.0 percent; the risk-free rate is 1.7 percent. The before-tax cost of debt is 2.5 percent. The tax rate is 14.43 percent. To calculate WACC, he will assume the company is financed 6 percent with debt. The FCFF growth rate is 5 percent Using Dunn's information, calculate the following: A. WACC. (5 points) B. Value of the firm. (4 points) C. Total market value of equity. (3 points) D. Value per share. (3 points)

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