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Horizon Value of Free Cash Flows Current and projected free cash flows for Radell Global Operations are shown below. Actual Projected 2019 2020 2021 2022

Horizon Value of Free Cash Flows

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

Actual Projected
2019 2020 2021 2022
Free cash flow $616.740 $677.420 $717.467 $766.560
(millions of dollars)

Growth is expected to be constant after 2021, and the weighted average cost of capital is 11.85%. 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.

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