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2. Rock Inc. forecasts a free cash flow of $50 million in Year 5 , i.e., at t=5, and it expects FCF to grow at

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2. Rock Inc. forecasts a free cash flow of $50 million in Year 5 , i.e., at t=5, and it expects FCF to grow at a constant rate of 6% thereafter. If the weighted average cost of capital (WACC) is 12% and the cost of equity is 16.0%, what is the horizon, or continuing, value in millions at t= 5

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