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21. You are doing a corporate valuation of Hibiscus Co. and have estimated the following free cash flows for the next four years: Year FCF

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21. You are doing a corporate valuation of Hibiscus Co. and have estimated the following free cash flows for the next four years: Year FCF 1 -$3.000.000 N 2.500,000 3 4.000.000 4 6,000,000 After year 4 you expect free cash flows to grow at a constant annual rate of 5% per year. If the WACC is 10.5%, what is your best estimate of Hibiscus' total corporate value? a. 74,839,000 O b. 79,026,412 O c. 83,151,216 O d. 87,903,458 O e. 91,863,859

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