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Estimate the value of each share

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Question - You have estimated that the present value of all future free cash flows of Venice Surf Co. to be $343 million. The company has non-operating assets of $10 million and non-operating liabilities of $69 million, and there are 5 million shares of common stock outstanding. Estimate the value of each share using the free cash flow valuation date provided. Present your answer to two decimal places (e.g., $20.00).

Reference no: EM133074969

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