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Kedia Inc. forecasts a negative free cash flow for the coming year, FCF1=$15 million, but it expects positive numbers thereafter, with FCF2=$10 million, and FCF3=25
Kedia Inc. forecasts a negative free cash flow for the coming year, FCF1=$15 million, but it expects positive numbers thereafter, with FCF2=$10 million, and FCF3=25 million. After Year 3, FCF is expected to grow at a constant rate of 5% forever. If the weighted average cost of capital (WACC) is 13.0%, what is the firm's total corporate value, in millions? Round intermediate calculations to at least four decimal places. $196.22 $272.79 $239.29 $217.75 $268.01
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