Determine what is stocks value per share at constant rate

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Smith Technologies is expected to generate $125 million in free cash flow next year, and FCF is expected to grow at a constant rate of 8% per year indefinitely. Smith has no debt or preferred stock, and its WACC is 11%. If Smith has 35 million shares of stock outstanding, what is the stock's value per share?

Reference no: EM13334860

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