1. ABC Company publishes textbooks. The company's weighted average cost of capital is 7%. The company forecasted the following free cash flows for the next 20 years. Year Free Cash Flows 1 $10,000,000 2 $15,000,000 3 $20,000,000 4 $22,000,000 5 $25,000,000 6-10 $20,000,000 per year 11-20 $15,000,000 per year Use the "discounted cash flow method" to value ABC Company