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Horizon Value of Free Cash Flows Current and projected free cash flows for Radell Global Operations are shown below. Actual 2016 2017Projected 2018 2019 Free

Horizon Value of Free Cash Flows

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

Actual

2016

2017Projected

2018

2019Free cash flow$606.82$667.50$707.55$750.00(millions of dollars)

Growth is expected to be constant after 2018, and the weighted average cost of capital is 10.45%. What is the horizon (continuing) value at 2019 if growth from 2018 remains constant? Round your answer to the nearest dollar. Do not round intermediate calculations.

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