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Question 12 10 points Save Answer Canyon Buff Corp. is considering to launch a project Pi to expand the production of a new construction chemical.

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Question 12 10 points Save Answer Canyon Buff Corp. is considering to launch a project Pi to expand the production of a new construction chemical. They expect that the free cash flow in Year 10 will be $200 and the free cash flow will increase at a constant rate of 2%/year into the indefinite future. Calculate PV(terminal value that captures the value of free cash flows in Year 10 and beyond). That is, calculate the terminal value first, then find its value in Year 0 (today). Assume the cost of capital is 12%, the present value of terminal value in Year O is $_ Instruction: Type ONLY your numerical answer in the unit of dollars, NO $ sign, NO comma sign, and round it to the nearest integer

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