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An investor is working with the following projections to conduct DCF valuation with the WACC as the discount rate: for the next year, earnings before

An investor is working with the following projections to conduct DCF valuation with the WACC as the discount rate: for the next year, earnings before interest and taxes (EBIT) is
expected to be $365m, the combined capital investments (including capital expenditures and
extra net working capital) are expected to be $150m, and the assets will depreciate by $60m.
During the next 5 years, the EBIT is expected to grow at an 8% growth rate, and the
investments and depreciation will grow at a 4% growth rate. If the tax rate is 21%, what is the
FCF for year 4?

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