Problem $9-07$

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Problem $9-07$

You are analyzing the U$.$S$.$ equity market based upon the S&P Industrials Index and using the present value of free cash flow to equity technique. Your inputs are as follows:

Beginning FCFE: $$100$

$k=0\mathrm{.}08$

Growth Rate:

$\backslash$table$[[$Year$1-3$:$,8\%$