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Question 2 O out of 2 points REMATE Incorporate expects free cash flow earnings of $13 million next year. Since the firm is mature, it

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Question 2 O out of 2 points REMATE Incorporate expects free cash flow earnings of $13 million next year. Since the firm is mature, it only expects growth of 3% per year. The firm's copy of capital is estimated at 6%. If the firm has $3 million in excess cash and $10 million in debt, what is the enterprise value of the firm? Assume the firm has 10 million shares outstanding. Selected Answer: 45,500,000

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