Question
Grimaldi's had free cash flows (FCF) of $1.03mm this past year. The projected FCFs for the next five years are $1.13mm, $1.2mm, $1.33mm, $1.41mm, and
Grimaldi's had free cash flows (FCF) of $1.03mm this past year. The projected FCFs for the next five years are $1.13mm, $1.2mm, $1.33mm, $1.41mm, and $1.57mm, respectively. After that time, FCFs will be constant at $1.63mm. What is enterprise value in millions if the weighted average cost of capital is 10.8 percent?
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Finance For Executives Managing For Value Creation
Authors: Gabriel Hawawini, Claude Viallet
3rd Edition
0324274319, 9780324274318
