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Suppose you are valuing a company that is growing its free cash flows at a...

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Suppose you are valuing a company that is growing its free cash flows at a stable 2.4% annual rate in perpetuity. It is projected to generate free cash flows of $162 million next year and its cost of capital is 9.89. Debt is $426 million, cash balance is $88 million, and shares outstanding is 126 million. What is your estimate for the value of each share? Round to one decimal place

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