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Swamp & Sand industries has the following data . Interest expense is expected to be $5million next year, and FCF is expected to be $143million.

Swamp & Sand industries has the following data . Interest expense is expected to be $5million next year, and FCF is expected to be $143million. The interest rate on debt is 6% and the unlevered cost of equity 9%. the corporate tax rate is 40%. The constant annual growth rate for both FCF and interest expense is 1%. Calculate the enterprise value using the adjusted present value(APV) approach.

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