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You want to value a stock, but it does not pay any dividends. The last period's FCFE was $ 6 and it has an estimated
You want to value a stock, but it does not pay any dividends. The last period's FCFE was $ and it has an estimated annual free cash flow growth rate of The required return for this stock is and its longterm growth rate is It also has an ROE of What is the estimated intrinsic value using the constant state FCFE method? State your answer as a percentage with two decimal places and use the adjusted method as shown in the textbook.
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