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An analyst gathered the following information regarding Darius Investments : Current year FCFF = $5.2 million Expected growth rate in FCFF for the next three

An analyst gathered the following information regarding Darius Investments

: Current year FCFF = $5.2 million

Expected growth rate in FCFF for the next three years = 14%

Long-term constant growth rate from Year 4 onward = 6%

WACC during the high-growth phase = 18%

WACC during the mature phase = 11%

The value of the firm today is closest to: $114 million

Question) The company's excess earnings are closest to:

Select one: a. $84,810 b. $75,350 c. $81,650

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