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Brook Corporation's free cash flow for the current year (FCF 0 ) was $4.00 million. Its investors require a 12% rate of return on Brooks
Brook Corporation's free cash flow for the current year (FCF0) was $4.00 million. Its investors require a 12% rate of return on Brooks Corporation stock (WACC = 12%). What is the estimated value of the value of operations if investors expect FCF to grow at a constant annual rate of (1) - 3%, (2) 0%, (3) 4%, or (4) 10%? Do not round intermediate calculations. Enter your answers in millions. For example, an answer of $1 million should be entered as 1, not 1,000,000. Round your answers to two decimal places.
- $ ______________ million
- $ ______________ million
- $ ______________ million
- $ ______________ million
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