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Use the following information to determine the stock price of a publicly traded corporation using the corporate valuation model: - After-tax operating income [EBIT(1-T)] for

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Use the following information to determine the stock price of a publicly traded corporation using the corporate valuation model: - After-tax operating income [EBIT(1-T)] for the current year is expected to be $2.5 billion. - The depreciation expense for the current year is expected to be $150 million - The capital expenditures for the current year are expected to be $350 million - Net operating working capital will grow by $20 million. - The free cash flow is expected to grow at a constant rate of 5% per year. - The required return on equity is 13% - The WACC is 11%. - The firm has $2.5 billion of non-operating assets. - The market value of the company's debt is $18.5 billion. - 350 million shares of stock are outstanding. $65.12 $64.76 $66.45 $61.83 $62.65

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