What is the stock value per share

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Sims Manufacturing is expected to generate $160 million in free cash flow next year, and FCF is expected to grow at a constant rate of 5% per year indefinitely. Sims has no debt or preferred stock, and its required rate of return is 8%.

If Sims has 75 million shares of common stock outstanding, what is the stock's value per share?

Reference no: EM131313970

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