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Business, 12.03.2021 22:10 biggy54

A company is projected to generate free cash flows of $171 million next year and $196 million at the end of year 2, after which it is projected grow at a steady rate in perpetuity. The company's cost of capital is 12.3%. It has $129 million worth of debt and $69 million of cash. There are 23 million shares outstanding. If the exit multiple for this company's free cash flows (EV/FCFF) is 6.9, what's your estimate of the company's stock price

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