Question
Horizon Value of Free Cash Flows Current and projected free cash flows for Radell Global Operations are shown below. ActualProjected 2019202020212022 Free cash flow$604.760$665.440$705.487$747.820(millions of
Horizon Value of Free Cash Flows
Current and projected free cash flows for Radell Global Operations are shown below.
ActualProjected2019202020212022Free cash flow$604.760$665.440$705.487$747.820(millions of dollars)Growth is expected to be constant after 2021, and the weighted average cost of capital is 11.7%. What is the horizon (continuing) value at 2022 if growth from 2021 remains constant? Do not round intermediate calculations. Enter your answer in millions. For example, an answer of $1 million should be entered as 1, not 1,000,000. Round your answer to the nearest whole number.
$--------million
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