Question
Grimaldi's had Free Cash Flows(FCFs)of$1.05mm this past year. The projected FCFs for the next five years are $1.18mm, $1.26mm, $1.35mm, $1.49mm, and $1.54mm, respectively. After
Grimaldi's had Free Cash Flows(FCFs)of$1.05mm this past year. The projected FCFs for the next five years are $1.18mm, $1.26mm, $1.35mm, $1.49mm, and $1.54mm, respectively. After that time, FCF will be constant at $1.62mm. What is enterprise value (EV) in millions if the weighted average cost of capital (WACC) is 10.3 percent?
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Basic Finance An Introduction To Financial Institutions, Investments, And Management
Authors: Herbert B. Mayo
12th Edition
1337691011, 978-1337691017
