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Actual Projected 2019 2020 2021 2022 Free cash flow $618.560 $679.240 $719.287 $769.640 (millions of dollars) Growth is expected to be constant after 2021, and
Actual | Projected | |||
2019 | 2020 | 2021 | 2022 | |
Free cash flow | $618.560 | $679.240 | $719.287 | $769.640 |
(millions of dollars) |
Growth is expected to be constant after 2021, and the weighted average cost of capital is 10.05%. What is the horizon (continuing) value at 2022 if growth from 2021 remains constant?
Do not round intermediate calculations. Enter your answer in millions. For example, an answer of $1 million should be entered as 1, not 1,000,000. Round your answer to the nearest whole number.
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