A companys most recent free cash flow was $270. The company expects to have a FCF in

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A company’s most recent free cash flow was $270. The company expects to have a FCF in 1 year of $300, which is expected to grow at a constant rate of 3% forever. If the WACC is 11%, what is the value of operations?

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Intermediate Financial Management

ISBN: 9781337395083

13th Edition

Authors: Eugene F. Brigham, Phillip R. Daves

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