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Consider a company that is projected to generate revenues of $424 million next year. Analysts expect revenues to grow at a 6.9% annual rate for

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Consider a company that is projected to generate revenues of $424 million next year. Analysts expect revenues to grow at a 6.9% annual rate for the following two years 5 ntil the end of year 3) and then at a stable rate of 1.7% in perpetuity. If the company is expected to have a gross margin of 75%, operating margin of 56%, net margin of 25%, tax rate of 20.3%, and reinvestment rate of 62%, what is its expected free cash flows in four years from today? Answer in millions, rounded to one decimal place (e.g., $2,315,612=2.3)

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