A firm's free cash flow is expected to be 10 million in year 3. After the 3rd year, the firm's free cash flow increases by 5% per year. What is the horizon value at year 3 if required return on the firm's assets is 20%? $60 million $70 million $65 million $75 million

A firm's free cash flow is expected to be 10 million in year 3 . After the 3 rd year, the firm's free cash flow increases by 5% per year. What is the horizon value at year 3 if required return on the firm's assets is 20% ? $60 million $70 million $65 million $75 million A firm's free cash flow is expected to be 10 million in year 3 . After the 3 rd year, the firm's free cash flow increases by 5% per year. What is the horizon value at year 3 if required return on the firm's assets is 20% ? $60 million $70 million $65 million $75 million