6.6 Use the HLF Value Calculator to value the HLF of Exhibit 6.5 using the option pricing...

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6.6 Use the HLF Value Calculator to value the HLF of Exhibit 6.5 using the option pricing model of Equation (6.13) for a volatility of revenue equal to 10%, 15%, 20%, 25%, and 30%. Assume first-year revenue equals $850 and FCF equals −20 + 0.2 Revenue.

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