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Grimaldi's had Free Cash Flows(FCFs) of$1.01mm this past year (i.e., they have already been paid). The projected FCFs for the next five years are $1.13mm,
Grimaldi's had Free Cash Flows(FCFs) of$1.01mm this past year (i.e., they havealreadybeen paid). The projected FCFs for the next five years are $1.13mm, $1.26mm, $1.37mm, $1.48mm, and $1.58mm, respectively. After that time, FCF will be constant at $1.64mm. What is enterprise value (EV) in millions if the weighted average cost of capital (WACC) is 12.2 percent?
Enter your answer as a positive number, round it to two decimal places, and omit dollar signs and commas (i.e., enter $2,001.2001 as 2001.20).
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