15.

Assume the following free cash flows for Elle Inc. for Year 7 and forecasted FCFF for Year 8 onward (in millions)

: ($ millions) Free cash flows to the firm (FCFF) Select one: O O Current Forecast Horizon Year 7 Year 8 Year 9 Year 10 Year 11 $6,216 $6,527 $6,853 $7,196 $7,556 The DCF value of the firm using the FCFF information above, a discount rate of 6%, and an expected terminal growth rate of 2%, is: O Terminal Year $7,707 a. $187,514 million b. $176,900 million c. $126,028 million d. None of these are correct e. $168,262 million

Assume the following free cash flows for Elle Inc. for Year 7 and forecasted FCFF for Year 8 onward (in millions): The DCF value of the firm using the FCFF information above, a discount rate of 6%, and an expected terminal growth Select one: a. $187,514 million b. $176,900 million c. $126,028 million d. None of these are correct e. $168,262 million