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You are given the following information about a firm: Cost of equity is 10% Free cash flow to equity in the current year is $3

You are given the following information about a firm:

Cost of equity is 10%

Free cash flow to equity in the current year is $3 million

Free cash flow to equity is projected to grow at a constant 5% annual rate

What is the value of the equity of the firm?

Select one:

a.$66 million

b.$69.3 million

c.$46.0 million

d.$63 million

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