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You have been assigned the task of using the corporate,or free cash flow,model to estimate Petry Corporation's intrinsic value.The firm's WACC is 10.00%,its end-of-year free cash flow (FCF1) is expected to be $70.0 million,the FCFs are expected to grow at a constant rate of 5.00% a year in the future,the company has $200 million of long-term debt and preferred stock,and it has 30 million shares of common stock outstanding.What is the firm's estimated intrinsic value per share of common stock?
Leeches
Parasitic or predatory worms belonging to the phylum Annelida and known for their use in medicine, especially for bloodletting.
Polychaetes
A class of annelid worms, characterized by having many legs or bristles, often living in marine environments.
Tapeworms
Parasitic flatworms that live in the digestive tract of vertebrates, absorbing nutrients from the host's intestine.
Annelids
A phylum of segmented worms that includes earthworms, leeches, and their relatives, characterized by a segmented body and a coelom.
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