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Florida Development, Inc.'s (FDI) free cash flow during the year just ended was $75 million, and FCF is expected to grow at constant rate of

Florida Development, Inc.'s (FDI) free cash flow during the year just ended was $75 million, and FCF is expected to grow at constant rate of 6.50% in the future. If the weighted average cost of capital is 13% what is the FDI's value of operations, in millions?

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