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Rentech Ltd company a biotech company, is expected to grow rapidly in the next three years and then have a level growth rate for the
Rentech Ltd company a biotech company, is expected to grow rapidly in the next three years and then have a level growth rate for the foreseeable future. The company expects free cash flows of $310.4 million, $511.8 million, and $751.9 million over the next three years, and thereafter its cash flows will grow at a steady rate of 3 percent per annum. The company has no non-operating assets (NOA). If the appropriate WACC is 9.93 percent, what is the enterprise value of this business?
The answer should be (9684.18)
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