Assume Golf Clubs Inc was recently formed and was experiencing significant growth. Golf Clubs Inc needs to preserve its cash for operations and future investments - so it pays NO dividend to its shareholders. In order to facilitate a possible strategic sale of the company to a larger buyer, the CFO would like to estimate the company's Market Value. You are chosen to do that calculation. Next years revenue growth is expected to be 21% Profit will be only up 1% next year - then up 3% in year 2. Free Cash Flow will be negative ($8M) next year and then $15M in year 2 - then again a negative ($3M) in year 3 - then reach $6M for many, many years after that representing a 4% growth for the following several years The firm estimated its WACC at 11.5% The company has $25M of Preferred Stock and No Debt What is its total Market Value? (show all your calculations) Assume Golf Clubs Inc was recently formed and was experiencing significant growth. Golf Clubs Inc needs to preserve its cash for operations and future investments - so it pays NO dividend to its shareholders. In order to facilitate a possible strategic sale of the company to a larger buyer, the CFO would like to estimate the company's Market Value. You are chosen to do that calculation. Next years revenue growth is expected to be 21% Profit will be only up 1% next year - then up 3% in year 2. Free Cash Flow will be negative ($8M) next year and then $15M in year 2 - then again a negative ($3M) in year 3 - then reach $6M for many, many years after that representing a 4% growth for the following several years The firm estimated its WACC at 11.5% The company has $25M of Preferred Stock and No Debt What is its total Market Value? (show all your calculations)