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Kedia Inc. forecasts a negative free cash flow for the coming vear, FCF1 = -$15 million, but it expects positive numbers thereafter, with FCF2 =
Kedia Inc. forecasts a negative free cash flow for the coming vear, 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 iWACC} is 13.0%, what is the firm's total corporate value, in millions? Round intermediate calculations to at least four decimal places
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