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Kinkead Inc. forecasts that its free cash flow in the coming year, i.e., at t=1, will be $10 million, but its FCF at t=2 will

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Kinkead Inc. forecasts that its free cash flow in the coming year, i.e., at t=1, will be $10 million, but its FCF at t=2 will be $20 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%, what is the firm's value of operations, in millions? a. $158 b. $175 C. $167 d. $184 e. $193

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