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 $611.920 $672.600 $712.647 $761.740 (millions of dollars) Growth is expected to be constant after 2021, and the weighted average cost of capital is 11.45%. 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. $ 18316 million Hide Feedback X Incorrect Post Submission Feedback Solution The growth rate in FCF from 2021 to 2022 is g = ($761.740 - $712.647)/$712.647 = 0.07. FCF2022 (1+81) $761.740(1.07) Vop at 2022 - $17,851 million WACC-SL 0.1145-0.07 HV2022 While the calculations above show values to 2 and 4 decimal places, unrounded values should be used to calculate the horizon value