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You are doing a simple equity valuation for a no-growth company named BBW. The balance sheet reveals an equity value of $56.7 million. The core

You are doing a simple equity valuation for a no-growth company named BBW. The balance sheet reveals an equity value of $56.7 million. The core residual operating income in time zero was $2.9 million. The required rate of return for operations is 9%. What is the simple valuation estimate for BBW?

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