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A firm's WACC is 9.1%. In Year 0, the figures are: EBIT of $9.68 million, depreciation of $1.27 million, net working capital increase of $0.295
A firm's WACC is 9.1%. In Year 0, the figures are: EBIT of $9.68 million, depreciation of $1.27 million, net working capital increase of $0.295 million, and capital spending of $1.45 million. Free cash flows are expected to increase by 2.4% per year forever. The firm's tax rate is 24%.
What is the value of the firm, to the nearest $0.001 million?
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