Question
Gere Furniture forecasts a free cash flow of $470 in Year 3, i.e., at t = 3, and it expects FCF to grow at a
Gere Furniture forecasts a free cash flow of $470 in Year 3, i.e., at t = 3, and it expects FCF to grow at a constant rate of 5% thereafter. If the weighted average cost of capital is 10% and the cost of equity is 15%, what is the horizon value at t = 3?
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Real Estate Finance
Authors: Sherry Shindler Price
1st Edition
0934772185, 9780934772181
