Question
Assume the following free cash flows for Zhang Inc. for 2011 and forecasted FCFF for 2012 onward (in millions): Current Forecast Horizon Terminal ($millions) 2011
Assume the following free cash flows for Zhang Inc. for 2011 and forecasted FCFF for 2012 onward (in millions):
| Current | Forecast Horizon | Terminal |
| ($millions) | 2011 | 2012 | 2013 | 2014 | 2015 | Year |
| Free cash flows to the firm (FCFF) | $1,000 | $1,100 | $1,200 | $1,300 | $1,400 | $1,500 |
The DCF value of the firm using the FCFF information above, a discount rate of 10%, and an expected terminal growth rate of 5.0%, is:
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Port Infrastructure Finance
Authors: Hilde Meersman, Eddy Van De Voorde, Thierry Vanelslander
1st Edition
0415720060, 978-0415720069
