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Gere Furniture forecasts a free cash flow of $470 in Year 3 , i.e. at t a 3 , and it expects FCF to grow
Gere Furniture forecasts a free cash flow of $470 in Year 3 , i.e. at t a 3 , and it expects FCF to grow at a constant rate of 5% thereafter. If the weighted avenage cost of capital is 1096 and the cost of equity is 15%, what is the horizon value at t=3
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