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Midwest industries is undergoing a restructuring and its free cash flows are expected to vary considerably the next few years. However, FCF is expected to
Midwest industries is undergoing a restructuring and its free cash flows are expected to vary considerably the next few years. However, FCF is expected to be $73 million in Year 5, and the FCF growth rate is expected to be a constant 6.5% beyond that point. Their weighted average cost of capital is 12%. What is the horizion (or continuing) calue in millions at t = 5? Round to 2 decimal places
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