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Kedia Inc. forecasts a negative free cash flow for the coming year, FCF = -$10 million, but it expects positive numbers thereafter, with FCF2 =

Kedia Inc. forecasts a negative free cash flow for the coming year, FCF = -$10 million, but it expects positive numbers thereafter, with FCF2 = $11 million. After Year 2, FCF is expected to grow at a constant rate of 4% forever. If the weighted average cost of capital is 14.0%, what is the firms total corporate value, in millions?

A. $108.33

B. $125.72

C. $114.04

D. $132.01

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