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Unlevered Value Richter Manufacturing has an 8% unlevered cost of equity. Richter forecasts the following free cash flows (FCFS), which are expected to grow at

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Unlevered Value Richter Manufacturing has an 8% unlevered cost of equity. Richter forecasts the following free cash flows (FCFS), which are expected to grow at a constant 3% rate after Year 3. Year 1 Year 2 Year 3 FCF $755 $800 $860 a. What is the horizon value of the unlevered operations? Do not round intermediate calculations. Round your answer to the nearest dollar. $ b. What is the total value of unlevered operations at Year 0? Do not round intermediate calculations. Round your answer to the nearest dollar. $

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