Question
Doba analyzes Inju. Selected financial information on Inju is presented below. Market Value Required Return Debt 13,817 million 6 Common stock 20,739 million 13 The
Doba analyzes Inju. Selected financial information on Inju is presented below.
Market Value | Required Return | |
Debt | 13,817 million | 6 |
Common stock | 20,739 million | 13 |
The FCFF for last year is 3,619. The corporate tax rate is 27%. The FCFF is forecasted using a stable growth rate of 3.81% for the next three years and then 1.25% thereafter into perpetuity (long-term growth rate).
Your task is to calculate the total firm's value of Inju.
Write your answer in decimal form and round it to two decimal places. Your answer will be in millions, for example - if you get 58,234.24, you can write 58,234.24 - but in fact, it is 58,234.24 "millions".
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