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XYZ Co is expecting the $5m of free cash flows in 2017, growing 3% in 2018, 5% in 2019, 8% in 2020 and 12% in
XYZ Co is expecting the $5m of free cash flows in 2017, growing 3% in 2018, 5% in 2019, 8% in 2020 and 12% in 2021. After 2021, free cash flows are expected to remain flat. Calculate the value of XYZ Co, assuming a cost of equity of 13%. (answer in millions. round to 1 decimal)
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