Question: Look one more time at practice question 4. Renssalaer Felts pretax operating income is $100.5 million. Assume for simplicity that this figure is expected to

Look one more time at practice question 4. Renssalaer Felt’s pretax operating income is $100.5 million. Assume for simplicity that this figure is expected to remain constant forever. Value the company by the flow-to-equity method.

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