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You estimate the following free-cash-flows to the firm (FCFF) for a company (in millions). Suppose that the firms long-term FCF growth will be 3% per

You estimate the following free-cash-flows to the firm (FCFF) for a company (in millions). Suppose that the firms long-term FCF growth will be 3% per year after year three and that the firms WACCis 9.5%. Additionally, the firm has no debt and 20 million shares outstanding. What is the intrinsic price of one share of the firms equity using the free-cash-flow valuation method?

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