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Yak Inc. had a most recent FCFE of $1,750, required return on equity of 15%, WACC of 6%, tax rate of 35%, and long term

Yak Inc. had a most recent FCFE of $1,750, required return on equity of 15%, WACC of 6%, tax rate of 35%, and long term growth rate of 1%. Yak has no non-operating assets and does not plan on making any distributions. Calculate Yak's intrinsic value of equity using FCFE model.

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