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Gupta Corporation is undergoing a restructuring, and its free cash flows are expected to vary considerably during the next few years. However, the FCF is

Gupta Corporation is undergoing a restructuring, and its free cash flows are expected to vary considerably during the next few years. However, the FCF is expected to be $65.00 million in Year 5, and the FCF growth rate is expected to be a constant 6.5% beyond that point. The weighted average cost of capital is 9.5%. What is the horizon (or continuing) value (in millions) at t =5?
a. $2,308 million
b. $2,034 million
c. $1,065 million
d. $2,167 million
e. $2,373 million

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