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Question 3 of 22 Check My Work eBook Horizon Value of Free Cash Flows DenBritt Incorporated had a free cash flow (FCF) of $84 million

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Question 3 of 22 Check My Work eBook Horizon Value of Free Cash Flows DenBritt Incorporated had a free cash flow (FCF) of $84 million in 2019. The firm projects FCF of $260 million in 2020 and $620 million in 2021. FCF is expected to grow at a constant rate of 6% in 2022 and thereafter. The weighted average cost of capital is 9%. What is the current (1.e., beginning of 2020) value of operations? Do not round Intermediate calculations, Enter your answer in millions. For example, an answer of $1 million should be entered as 1, not 1,000,000. Round your answer to two decimal places. million 1:57 PM D home end prise Fio F11 FB

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