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You are bullding a free cash flow to the firm mocel. You expect sales to grow from $1.8 bition for the year that just ended

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You are bullding a free cash flow to the firm mocel. You expect sales to grow from $1.8 bition for the year that just ended to $3.05 biliion five years from now. Assume that the company will not become any more or less efficient in the future. Use the following information to calculate the value of the equity on a per-share basis. a. Assume that the company currently has $486 milion of net PDBE. b. The compary currenty has $162 million of net werking capital. c. The company has operating margins of 12 percent and has an effective tax rate of 32 percent. d. The company has a weighted tverage cost of capital of 11 percent. This is based on a capital unucture of two thirdt equity and one-third debe. e. The firm has 1 milion thares outstanding. Do not round intermediate calculations. Round vour answer to the nearnst cent

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