Horizon Value

Current and projected free cash flows for Radell Global Operations are shown below.

	Actual 2013	2014	Projected 2015	2016
Free cash flow	$613.72	$674.40	$714.45	$764.46
(millions of dollars)

Growth is expected to be constant after 2015, and the weighted average cost of capital is 11.55%. What is the horizon (continuing) value at 2016 if growth from 2015 remains constant? Round your answer to the nearest dollar. Round intermediate calculations to two decimal places. $