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Wang Semiconductor is a fast growing microchip producer. Analysts believe the firm will have FCFs of $-6.3 mil., $12.6 mil., and $26.9 mil. in years
Wang Semiconductor is a fast growing microchip producer. Analysts believe the firm will have FCFs of \$-6.3 mil., \$12.6 mil., and \$26.9 mil. in years 1, 2, and 3. Starting in year 4 , the firm is expected to stabilize and FCFs will grow at an annual rate of 3% per year for the foreseeable future. If the firm has a WACC of 0.1 , what value would you place on the firm's operations. Report your answer in millions rounded to one decimal place. (You do not need to enter a dollar sign.)
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