Question: Using the Corporate Valuation Method, you have determined the market value of the firm LKM is $2.5 billion. LKM has debt and preferred with

Using the Corporate Valuation Method, you have determined the market value of

Using the Corporate Valuation Method, you have determined the market value of the firm LKM is $2.5 billion. LKM has debt and preferred with a market value of $1 billion. If LKM has 75 million shares of stock, and you require a rate of return of 15%, then what is the value of the stock on a per share basis? (Omit $ sign and answer with 2 decimal places, X.XX)

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