ofcompanyMarketvalue=(1+WACC1FCF1+(1+WACC2FCP2++(1+WACCFCF+Marketvalueofcompanysnon-operatingassets equation to calculate the continuing value of the firm's operations at that date is: Horizonvalue=VCompanysoperationsatt=N=FCFN+1/(WACC-gFCF) nearest cent. $ per share Quantitative Problem 2: Hadley Inc. forecasts the year-end free cash flows (in millions) shown below. per share The statement above is Conclusions the same intrinsic value using either model, but differences are often observed