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Bluewall Inc. reported a free cash flow to the firm of $820 million last year. The interest expense to the firm was $40 million. If
Bluewall Inc. reported a free cash flow to the firm of $820 million last year. The interest expense to the firm was $40 million. If the tax rate was 35% and the net debt of Bluewall increased by $62 million, what is the approximate market value of equity (round your answer to '00 millions) if the FCFE grows at 2% forever and the cost of equity is 11%? A. $9,700 B. $9,800 C. $9,500 D. $9,300
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