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Dozier Corporation is a fast - growing supplier of office products. Analysts project the following free cash flows ( FCFs ) during the next 3

Dozier Corporation is a fast-growing supplier of office products. Analysts project the following free cash flows (FCFs) during the next 3 years, after which FCF is expected to grow at a constant 5% rate. Dozier's weighted average cost of capital is WACC =13%. Year 1 free cash flow is -$30 million. Year 2 free cash flow is $20 million. Year 3 free cash flow is $40 million. Dozier's Horizon value is $525 million. What is the current value of operations for Dozier? Round final answer to 2 decimal places and do not round intermediate calculations.

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