What is the market value of equity

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FinCorp’s free cash flow to the firm is reported as $220 million. The firm’s interest expense is $28 million. Assume the tax rate is 30% and the net debt of the firm increases by $7 million. What is the market value of equity if the FCFE is projected to grow at 2% indefinitely and the cost of equity is 10%? (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) Market value $

Reference no: EM131074547

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