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Your company has no debt and $137 in excess cash. You expect the company to generate $94 in Free Cash Flow per year in perpetuity,

Your company has no debt and $137 in excess cash. You expect the company to generate $94 in Free Cash Flow per year in perpetuity, the company has a WACC of 9% and 106 shares outstanding.

You are considering using the excess cash to repurchase shares, assuming a perfect capital market how many shares can the company repurchase?

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