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E10.16 Burton Enterprises reported $12.0 million in FCFs this year. Analyst consensus forecasts for the next 5 years for Burton's FCFs are $13.2 million, $14.5

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E10.16 Burton Enterprises reported $12.0 million in FCFs this year. Analyst consensus forecasts for the next 5 years for Burton's FCFs are $13.2 million, $14.5 million, $15.75 million, $17.0 million, and 18.2 million. Calculate Burton's operating value (Vper) assuming that FCF beyond the fore- cast horizon will continue to grow at 5 percent and Burton has a 9 percent rwacc

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