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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 $6 and it has an estimated annual free cash flow growth rate of 8.26%. The required return for this stock is 11.81% and its long-term growth rate is 2.46%. It also has an ROE of 25.7%. 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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