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MBI is manufacturer of wholesale food products. Their sales fluctuate with consumer tastes. Revenue was greater in 2020 as people stayed home during COVID buying
MBI is manufacturer of wholesale food products. Their sales fluctuate with consumer tastes. Revenue was greater in 2020 as people stayed home during COVID buying more food for their household. Calculate the components of FCF, making necessary adjustments, using the long-form method and forecast their FCF for 2021, 2022 and 2023. Expected Revenue for the next three years are forecast to be $45M, $48M and $49M.
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