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Stable Co had a net income per share of $3.25 last year and is set to maintain its 3% growth rate for the foreseeable future. They currently pay 4%...

Stable Co had a net income per share of $3.25 last year and is set to maintain its 3% growth rate for the foreseeable future. They currently pay 4% on their debt portfolio of $12 billion. Their WACC is 7.5%, tax rate is 25% and total Invested Capital is $25 billion.

1.How much money does stable Co have to invest annually to maintain its 3% growth rate?

2.What is Stable Co worth per share?

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