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You are considering buying common stock in Grow On, Inc. You have calculated that the firm's free cash flow was $9.00 million last year. You

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You are considering buying common stock in Grow On, Inc. You have calculated that the firm's free cash flow was $9.00 million last year. You project that free cash flow will grow at a rate of 8.0% per year indefinitely. The firm currently has outstanding debt and preferred stock with a total market value of $29.07 million. The firm has 2.15 million shares of common stock outstanding. If the firm's cost of capital is 19.0%, what is the most you should pay per share for the stock now? $41.10 $27.58 $88.36 O $59.29 O $96.54

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