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You are evaluating a company that has 186 million shares of stock outstanding and $3.7 billion of outstanding debt. If you project that the company

You are evaluating a company that has 186 million shares of stock outstanding and $3.7 billion of outstanding debt. If you project that the company will have $721 million in free cash flows to the firm next year and you expect those cash flows to grow at 3.8% per year indefinitely and the weighted average cost of capital for the company is 9.0%, how much should you be willing to pay for a share of stock?

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