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The following represents the free cash flows, (in millions) for the Wellington Corporation: Year 1 2 3 Free cash flow -$20 $48 $54 (FCF) Assume

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The following represents the free cash flows, (in millions) for the Wellington Corporation: Year 1 2 3 Free cash flow -$20 $48 $54 (FCF) Assume that the discount rate is 14%. If FCFs are anticipated to continue a growth rate after year 3 equal to the rate of growth from year two to year three, what is the firm's total corporate value in millions? (Discount rate is the same as required return) Growth rate Firm's total corporate value

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