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See Candy Had a FCFE of $6

question 67

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See Candy had a FCFE of $6.1M last year and has 2.32M shares outstanding.See's required return on equity is 10.6% and WACC is 9.3%.If FCFE is expected to grow at 6.5% forever, the intrinsic value of See's shares are


Definitions:

Sales Tax

A tax imposed by governments on the sale of goods and services, collected by the retailer at the point of sale.

Ad Valorem Tax

A tax based on the assessed value of an item, such as property or goods, typically expressed as a percentage.

California

A diverse and populous state located on the Pacific coast of the United States, known for its significant economic, cultural, and political influence.

Government Revenue

The total income received by the government from taxes and non-tax sources.

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