Question
Kendra Enterprises has never paid a dividend. Free cash flow is projected to be $80,000 and $100,000 and $106,000 for the next 3 years, respectively;
Kendra Enterprises has never paid a dividend. Free cash flow is projected to be $80,000 and $100,000 and $106,000 for the next 3 years, respectively; after the third year, FCF is expected to grow at a constant rate of 10%. The companys weighted average cost of capital is 15%. Calculate the value of Kendras operations.
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The Handbook Of Mortgage Backed Securities
Authors: Frank Fabozzi
6th Edition
0071460748, 978-0071460743
