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Factrack inc a biotech firm is expected to grow rapidly in the next three years and then have a level growth rate for the foreseeable
Factrack inc a biotech firm is expected to grow rapidly in the next three years and then have a level growth rate for the foreseeable future. the firm expects free cash flows of $342.5 million,$512.3 million and $750 million over the next three years and thereafter its cash flows will grow at a steady rate of 8 percent per annum. The company has no nonoperating assests(NOA). If the appropiate WACC is 11.25 percent,what is the enterprise value of this business
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