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A company currently has $200 million in debt (market value) and forecasts the free cash flows (in millions) shown below. If the weighted average cost

A company currently has $200 million in debt (market value) and forecasts the free cash flows (in millions) shown below. If the weighted average cost of capital is 10% and the free cash flows are expected to grow at a rate of 3% after Year 2, what is the market value, in millions, of the company’s equity?

Year 1 FCF: -150$

Year 2 FCF: 100$

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