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Current and projected free cash flows for Radell Global Operations are shown below. Free cash flow (millions of dollars) Actual 2016 $606.82 2017 $667.50 Projected
Current and projected free cash flows for Radell Global Operations are shown below.
Free cash flow
(millions of dollars)
Actual 2016 $606.82
2017 $667.50
Projected 2018 $707.55
2019 $750.00
Growth is expected to be constant after 2018, and the weighted average cost of capital is 11.45%. What is the horizon value at 2019 if growth from 2018 remains constant?
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Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel
3rd Edition
0470377852, 978-0470377857
