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Midwest Industries is undergoing a restructuring, and its free cash flows are expected to vary considerably during the next few years. However, FC is expected
Midwest Industries is undergoing a restructuring, and its free cash flows are expected to vary considerably during the next few years. However, FC is expected to be $63 million in Year 5, and the FC growth rate is expected to be a constant 6.5% beyond that point. Their weighted average cost of capital is 12%. What is the horizon (or continuing) value in millions at t = 5? Your answer should be between 562.15 and 1,936.30, rounded to 2 decimal places, with no special characters
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