9 8 p Question 9 Stark Enterprises has $2 million in excess...
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Accounting
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8 p Question 9 Stark Enterprises has $2 million in excess cash, no debt, and is expected to have free cash flow of $15 million next year. Its FCFF is then expected to grow at a rate of 2% per year forever. If Stark's equity cost of capital is 10% and it has 4 million shares outstanding, what should be the price of Stark Enterprises Stock? $46.88 $46.38 $47.38 $53.13
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