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$

$k=0\mathrm{.}08$

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