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Assume that Free Cash Flow to Invested Capital is the economic benefit in the valuation model. What is the present value of the free cash

Assume that Free Cash Flow to Invested Capital is the economic benefit in the valuation model. What is the present value of the free cash flow equal to $21,388,920.78 to be received in 5 years? Assume the cost of equity is 12%, the cost of debt is 4% and WACC is 10%. Show calculation
Selected Answer: a.

$13,280,836.99
Answers: a.

$13,280,836.99
b.

$14,332,539.61
c.

$17,580,133.77
d.

$12,136,648.06

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