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Ryan Enterprises forecasts the free cash flows (in millions) shown below. Assume the firm has zero non-operating assets. The weighted average cost of capital is
Ryan Enterprises forecasts the free cash flows (in millions) shown below. Assume the firm has zero non-operating assets. The weighted average cost of capital is 13.0%, and the FCFs are expected to continue growing at a 6.5% rate after Year 3. What is the firms total corporate value (in millions)? Do not round intermediate calculations.
Year FCF
1. -18
2. 10
3. 35
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