Question
The company's free cash flow was 1 million last year and is expected to increase by 10% in the first 3 years. After 3 years,
The company's free cash flow was 1 million last year and is expected to increase by 10% in the first 3 years. After 3 years, the free cash flow will constantly grow at 8%. WACC=10%. What is the horizon value?
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Foundations Of Financial Markets And Institutions
Authors: Frank J Fabozzi, Franco G Modigliani, Frank J Jones
4th Edition
0136135315, 978-0136135319
