23-1 Quantix's free cash flow (FCF) is $2.6 million per year and is expected to...

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23-1 Quantix's free cash flow (FCF) is $2.6 million per year and is expected to grow at a constant Valuation rate of 5% a year; its beta is 1.2. What is the value of Quantix's operations? If Quantix's has $12 million in debt, what is the current value of Quantix's stock? (Hint: Use the corporate valuation model of Chapter 22.) Intermediate

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