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Imperial Cars free cash flow during the coming year is expected to be GBP 55,000. It is then expected to grow at a rate of
Imperial Cars free cash flow during the coming year is expected to be GBP 55,000. It is then expected to grow at a rate of 15% for the following eight years before tapering off to a constant growth rate of 6% forever. If the firm's cost of capital is 20%, what should its fair market value be? Round your answer to the nearest pound.
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