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Free Cash Flow to the Firm for KFC is projected to be $1
Free Cash Flow to the Firm for KFC is projected to be $1.6 billion next year and is expected to grow by 2% annually thereafter. If the WACC is 6%, Net Debt =$3 billion, and shares outstanding is 600 million, what is your estimate of the price? Round your final answer to two decimal places (e.g., 12.34)
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