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Tekkadan Mobile Enterprises expects to lose money in it's startup year and turn a profit thereafter based on their suit technology. Tekkadan forecasts the free
Tekkadan Mobile Enterprises expects to lose money in it's startup year and turn a profit thereafter based on their suit technology. Tekkadan forecasts the free cash flows (in millions) shown below. The weighted average cost of capital is 13%, and the FCFs are expected to continue growing at a constant 4% rate after Year 3. What is the firms total corporate value, in millions?
Answer to two decimal places and do not use "$" or ","
Year 1 2 3
FCF - $15.0 $10.0 $60.0
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