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The table below gives the estimated free cash flow under the 0.24% growth scenario. Using these estimates and assuming a cost of capital of 9.7%,

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The table below gives the estimated free cash flow under the 0.24% growth scenario. Using these estimates and assuming a cost of capital of 9.7%, compute the value of KMS. 2019 2020 2021 2022 2023 2024 Year Free Cash Flow (000) Free Cash Flow of Firm Continuation Value $8,768 $7,010 - $14,365 $6,836 $8,078 $9,438 $222,321 The Tax Cuts and Jobs Act of 2017 temporarily allows 100% bonus depreciation (effectively expensing capital expenditures). However, we will still include depreciation forecasting in this chapter and in these problems in anticipation of the return of standard depreciation practices during your career. The value of KMS is $ thousand. (Round to the nearest integer.) The table below gives the estimated free cash flow under the 0.24% growth scenario. Using these estimates and assuming a cost of capital of 9.7%, compute the value of KMS. 2019 2020 2021 2022 2023 2024 Year Free Cash Flow (000) Free Cash Flow of Firm Continuation Value $8,768 $7,010 - $14,365 $6,836 $8,078 $9,438 $222,321 The Tax Cuts and Jobs Act of 2017 temporarily allows 100% bonus depreciation (effectively expensing capital expenditures). However, we will still include depreciation forecasting in this chapter and in these problems in anticipation of the return of standard depreciation practices during your career. The value of KMS is $ thousand. (Round to the nearest integer.)

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