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Assume a corporation is expecting the following cash flows inthe future: $-9 million in year 1, $11 million in year 2, $23million in year 3. After year 3, the cash flows are expected togrow at a rate of 6% forever. The discount rate is 13%, the firmhas debt totaling $47 million, and 8 million shares outstanding.What should be the price per share for this company?
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