Current and projected free cash flows for Radell Global Operations are shown below. Growth is expected to

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Current and projected free cash flows for Radell Global Operations are shown below. Growth is expected to be constant after 2012, and the weighted average cost of capital is 11%. What is the horizon (continuing) value at 2012?

Free cash flow (millions of dollars) Actual 2010 $606.82 2011 $667.50 Projected 2012 $707.55 2013 $750.00

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Financial management theory and practice

ISBN: 978-1439078099

13th edition

Authors: Eugene F. Brigham and Michael C. Ehrhardt

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