Question
Current and projected free cash flows for Radell Global Operations are shown below. Actual Free cash flow (millions of dollars) 2021 $603.480 2022 $664.160 Projected
Current and projected free cash flows for Radell Global Operations are shown below.
Actual Free cash flow (millions of dollars)
2021 $603.480
2022 $664.160
Projected
2023 $704.207
2024 $760.811
Growth is expected to be constant after 2023, and the weighted average cost of capital is 10%. What is the horizon (continuing) value at 2024 if growth from 2023 remains constant? Do not round intermediate calculations. Enter your answer in millions. For example, an answer of $1 million should be entered as 1, not 1,000,000. Round your answer to the nearest whole number.
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