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Business, 27.11.2019 02:31 anaroles04

General industries is expected to generate the above free cash flows over the next five years, after which free cash flows are expected to grow at a rate of 5% per year. if the weightedaverage cost of capital is 9% and general industries has cash of $15 million, debt of $45 million, and 80 million shares outstanding, what is general industriesʹ expected current share price? a) $7.78b) $8.17c) $9.34d) $11.67

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