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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 3.0% rate after Year 3. What is the firms total corporate value (in millions)? Do not round intermediate calculations.
Year | 1 | 2 | 3 |
FCF | -$20.0 | $10.0 | $45.0 |
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