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Panthers Inc. projects FCFs of $45 million, $65 million, and $75 million over the next 3 years, respectively. Starting in year 4 growth in FCF

Panthers Inc. projects FCFs of $45 million, $65 million, and $75 million over the next 3 years, respectively. Starting in year 4 growth in FCF is expected to settle down to 4% thereafter. Their WACC is 11%. What is the value of operations?

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