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You expect CCM Corporation to generate the following free cash flows over the next five years: Following year five, you estimate that CCM's free cash
You expect CCM Corporation to generate the following free cash flows over the next five years: Following year five, you estimate that CCM's free cash flows will grow at 5% per year and that CCM's weighted average cost of capital is 13%. If CCM has $150 million of debt and 12 million shares of stock outstanding, then the share price for CCM is closest to: A. $49.50. B. $20.50. C. $22.75. D. $11.25
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