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Intro Majong Inc. forecasts that it will have the free cash flows shown below. The free cash flows are expected to grow by 4% per

Intro Majong Inc. forecasts that it will have the free cash flows shown below. The free cash flows are expected to grow by 4% per year after year 3. Year 1 2 3 FCFF ($ million) -20 48 54 The weighted average cost of capital is 14%. The firm has $44 million of debt and 10 million shares outstanding. Attempt 1/1 Part 1 What is Majong's terminal value (in $ million)?

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