Smith technologies is expected to generate 175 million in


Smith Technologies is expected to generate $175 million in free cash flow next year, and FCF is expected to grow at a constant rate of 6% per year indefinitely. Smith has no debt or preferred stock, and its WACC is 12%. If smith has 65 million shares of stock outstanding, what is the stock's value per share? Round answer to two decimal places.

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Financial Management: Smith technologies is expected to generate 175 million in
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