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Today is December 31, 2020 and you are conducting a valuation analysis for a stock. Free cash flows for the stock for 2020 are $1,239.
Today is December 31, 2020 and you are conducting a valuation analysis for a stock. Free cash flows for the stock for 2020 are $1,239. The projected free cash flows for the next five years (starting December 31, 2021) are $2,413, $3,732, $4,644, $5,862, and $6,044, respectively. After that time, free cash flows will be constant at $7,835.0. What is enterprise value if the weighted average cost of capital is 10.7 percent? Round your answer to two decimal places and omit dollar signs (i.e., enter $2,001.271 as 2,001.27)
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