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Sunil Technologies generated a free cash flow of $3 million last year. Your projections say that this will grow at 12% per year for the
Sunil Technologies generated a free cash flow of $3 million last year. Your projections say that this will grow at 12% per year for the next 2 years. This growth rate will fall from there, growing at 9% over the following 2 years, 6% for the 2 years after that, and 3% for the 2 subsequent years. After this 8 year period, you believe that the firm's cash flows will grow at 2% per year forever. If you require a 13% return on the firm's stock, what should be its enterprise value?
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