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Robinson Incorporated forecasts that it will have free cash flows (in millions) as follows: Year 1 = $20.00, Year 2 = $48.00, and Year 3
Robinson Incorporated forecasts that it will have free cash flows (in millions) as follows: Year 1 = $20.00, Year 2 = $48.00, and Year 3 = $50.50. If the WACC is 14% and the free cash flows are expected to continue growing at the same rate after Year 3 as from Year 2 to Year 3, what is the firm's total corporate value, in millions? A) $535.20 B) $553.65 C) $572.11 D) $549.04 E) $461.38
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