You are analysing NBM firm and obtained the following information: FCFF reported as R198 million, interest expense is R15 million. If the tax rate is 35% and the net debt of the firm increased by R20 million, what is the approximate market value of the firm if the FCFE grows at 3% and the cost of equity is 14%?     R1,950 billion     R2,497 billion     R2,585 billion     R3,098 billion     R 1,893 billion

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