In the 2017 fiscal year ending July 28, Cracker Barrel's (CBRL's) free cash flow was $185.1 million.
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Question:
In the 2017 fiscal year ending July 28, Cracker Barrel's (CBRL's) free cash flow was $185.1 million. The CFO of CBRL, Jill Golder, told MBA students that CBRL's WACC is 9%. Assume today is July 28, 2015. What is the value to CBRL of the $185.1 million coming in 2017?
Type the present value formula in the space provided below.
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Explain your answer to an executive in 2015 who a
sks why your answer is not the same as $185 million
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