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At the end of 2017, Chopin Ltd had free cash flow to the firm (FCFF) of R4 million and 1000000 shares outstanding. At the same

image text in transcribed At the end of 2017, Chopin Ltd had free cash flow to the firm (FCFF) of R4 million and 1000000 shares outstanding. At the same date, the share price was trading at R130. The market value of the firm's debt is currently R1 million. Chopin Ltd project that the firm will experience the following annual FCFF growth rates: From 2020 onwards, the growth in FCFF is expected to be 6% in perpetuity. The following information is also available: Using the free cash flow to the firm approach, the firm value is closest to? A. R130 000000 B. R113 571429 C. R81 956747.47 D. R91 937501.93 E. None of the above

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