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You estimate Free Cash Flow to the Firm (FCF) for Fortune Inc. will be $500 million next year (at t=1). You estimate FCFF will then

You estimate Free Cash Flow to the Firm (FCF) for Fortune Inc. will be $500 million next year (at t=1). You estimate FCFF will then grow 2%/year forever. If the discount rate for FCFF is 7%, NetDebt is $4Billion, and there are 600million shares outstanding, what is your estimate of the price? (answer as e.g., 12.34)

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