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A firm's FCFF over the next three years are expected to be 193, 158, and 204 (all figures in millions), respectively. The firm's management estimates
A firm's FCFF over the next three years are expected to be 193, 158, and 204 (all figures in millions), respectively. The firm's management estimates that cash flows will grow by 3% after the third year. The firm's weighted average cost of capital is expected to be 16% and 8% for the high and low growth periods, respectively. Calculate the firms value.
Group of answer choices
A.2,040
B.3,106
C.5,000
D.3,500
E.2,900
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