Question
Suppose an airports projected net cash flow for next year is $500 million and it is expected to grow at a constant rate of 5%.
Suppose an airports projected net cash flow for next year is $500 million and it is expected to grow at a constant rate of 5%. If the airports weighted average cost of capital is 10%, what is the current value of airport, to the nearest million?
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International Finance The Markets And Financial Management Of Multinational Business
Authors: Maurice D. Levi
3rd Edition
0070376875, 978-0070376878
