Question
The Walt Disney Company (Ticker: DIS) recently reported free cash flow of $1,200,000. Free cash flow is expected to grow by 25% for three years,
The Walt Disney Company (Ticker: DIS) recently reported free cash flow of $1,200,000. Free cash flow is expected to grow by 25% for three years, 18% for three years, and then level off to a constant 8% growth. The firms weighted average cost of capital is 13%. How much is DIS worth today?
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
