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Consider the following data: FCF 1 = $20 million; FCF 2 = $20 million; FCF 3 = $20 million. Assume that free cash flow grows

Consider the following data:
FCF1 = $20 million; FCF2 = $20 million; FCF3 = $20 million. Assume that free cash flow grows at a rate of 5% for year 4 and beyond. If the weighted average cost of capital is 12%, calculate the value of the firm.

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