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If a firm is estimated to have $40 million free cash flow in the coming year and that cash flow is expected to grow at

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If a firm is estimated to have $40 million free cash flow in the coming year and that cash flow is expected to grow at 30% in year 2, followed by 20% in year 3 and 10% for year 4. After year 4 it is expected to grow at a relatively stable rate of 5%. The total market value for its liabilities is $500 million. If this firm has 20 million shares outstanding and its WACC is 10%, how much is the intrinsic value of its common stock per share? Please show your work. HTML Editoria BI V AA- IE 11 x'xE VX 6VDT 12pt Pare N

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