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You expect Nestle Corporation to generate the following free cash flows over the next five years. Following year five, you estimate that CCMs free cash

You expect Nestle Corporation to generate the following free cash flows over the next five years.

Following year five, you estimate that CCMs free cash flows will grow at 5% per year and that CCMs weighted average cost of capital is 13%

If Nestle has $173 million of debt and 7.7 million shares of stock outstanding, then the share price for sessions is closest to:

Year 1 2 3 4 5

PCF(millions) 25 28 32 37 40

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