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Use the following information for Problems 29 - 31. Rhodian Corp. projects that over the next three years, it will generate free cash flows of

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Use the following information for Problems 29 - 31. Rhodian Corp. projects that over the next three years, it will generate free cash flows of $240,000 in the first year, $280,000 in the second year, and $300,000 in the third year, after which free cash flows are expected to grow at a constant rate of 2.5% per year indefinitely. The corporation's weighted average cost of capital is 14.0%. The company has $500,000 in short-term investments, $1,200,000 in debt outstanding, and 500,000 common shares outstanding. 29. What is the horizon value of the corporation's free cash flows at the end of the third year (in thousands)? a. $2,082.77 b. $2,349.35 c. $2,673.91 d. $3,103.54

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