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You must estimate the value of Noe Technologies stock. The end-of-year free cash flow(FCF1) is expected to be $27.50 million, and it is expected to
You must estimate the value of Noe Technologies stock. The end-of-year free cash flow(FCF1) is expected to be $27.50 million, and it is expected to grow at a constant rate of 5.0% ayear thereafter. The companys WACC is 10.0%, it has $150.0 million of long-term debt pluspreferred stock outstanding, and there are 20.0 million shares of common stock outstanding.What is the firm's estimated value per share of common stock?
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