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Q7. X.S. Giovanni Corp. (XSG) is expected to generate free cash flow from operations of $4 million in the coming year (year 1), and $4.4

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Q7. X.S. Giovanni Corp. (XSG) is expected to generate free cash flow from operations of $4 million in the coming year (year 1), and $4.4 million in the following year (year 2) and $4.84 million (year 3). Free cash flow is expected to grow at a constant rate of 4% after the 3rd year. If XSG's cost of capital is 12%, what is the present value of XSG's operations? Hint: Calculate the firm's Horizon Value first

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