Question
A company has expected free cash flows of $1.89 million, $3.44 million, $3.73 and $3.94 million in the next four years. Beginning in year
A company has expected free cash flows of $1.89 million, $3.44 million, $3.73 and $3.94 million in the next four years. Beginning in year 5, the expected cash flows will grow by 3.5% in perpetuity. Measure the value of the company as of today using both a 7% and 10% discount rate.
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Financial Management Theory and Practice
Authors: Eugene F. Brigham, Michael C. Ehrhardt
15th edition
130563229X, 978-1305632301, 1305632303, 978-0357685877, 978-1305886902, 1305886909, 978-1305632295
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