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year 0 1 2 3 |--------|-----------|----------| FCF ($ millions) -$20 $30 $40 Doizer Corporation is a fast-growing suppplier of office products. Analysts project the following

year 0 1 2 3

|--------|-----------|----------|

FCF ($ millions) -$20 $30 $40

Doizer Corporation is a fast-growing suppplier of office products. Analysts project the following free cash flows (FCFz) during the next 3 years, after which FCF is expected to grow at a constant 7% rate. Dozier's WACC is 13%.

What is Doizer's horizon, or continuing, value? (Hint: find the value of all free cash flows beyond year 3 discounted back to year 3.) show work

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