Suppose your companys WACC=15% WACC = 15 % and you know that the free cash flow of your company next year is going to be FCF1=$22.45 FCF 1 = $22.45 and then FCF is expected to grow at 9%.

Suppose your company's WACC = 15% and you know that the free cash flow of your company next year is going to be FCF1 = $22.45 and then FCF is expected to grow at 9%. Then the FCF2 is and the company's horizon value in one year is This means that the firm's value today is