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Question 20 (3 points) A company has free cash flow to the firm (FCFF) of $61.0 million this year (t=0). The company has a stable
Question 20 (3 points) A company has free cash flow to the firm (FCFF) of $61.0 million this year (t=0). The company has a stable reinvestment rate of 22% and a stable return on capital (ROC) of 19%. The cost of capital is 6%. What is the company's value of operation? Enter your answer in millions rounded to the two decimal places. For example, enter 5.55 if your answer is 5.55 million. Your
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