13 . Lycan , Inc . anticipates that it will earn a firm free cash flow of $ 2, 100, 000 a year in 2019 . The amount of free cash flows Lycan can generate Since then will grow at 596 per year until 202 2 . The owner of the firm will retire in 202 2 and sell the company . The comparable BITDA multiple for this type of company is 15 x. ASSUME Lycan's EBITDA for 202 2 will be $ 2, 000, 000 . What is the current value of this firm if it's WALL IS 1290 ?` Planning Period Terminal Value Year 2018 2019 2020 2021 2022 2023 Amount 5 2, 100, 000. 00 5 2, 205, 000. 00 5 2, 31.5, 250.00 5 2, 431, 012.50 | 5 2, 5.52, 563. 13 5 21, 271, 359. 38 5 2, 100, 000.00 / 5) 2, 205, 000.00 | 5\ 2, 3:15, 250.00 | 5 23, 702, 371. 8 8 Value = 520, 3:44, 047.55 GIVEN \FCF Year 1 / 2015 1 5 2, 10.0, 000. 00 Growth Rate 965 \WALE 12%' 3\ Firm Value =