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Consider the following inputs at the year-end 2018. You are at the end of 2018 and are asked to value the project. The project is

  1. Consider the following inputs at the year-end 2018. You are at the end of 2018 and are asked to value the project. The project is expected to grow fast for five years then at terminal growth rateat 2%. If the Enterprise Value to FCF is 16 instead, by how many percentage points will the enterprise value lower?

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