Corporate valuation 3 Dollars/shares in millions FCF FCF2 FCF3 -$14.00 $13.00 $59.00 4.00% 10.00% $90.00 8 Constant growth rate,
gn WACC Market value of debt Common shares outstanding 9 10 38 11 2 3 4. 12 13 FCFs -$14.00 $13.00 $59.00
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