Question
Year 1 2 3 4 Free cash flow $12 million $18 million $22 million $26 million Australia Mining (AM) is expected to generate the above
Year 1 2 3 4
Free cash flow $12 million $18 million $22 million $26 million
Australia Mining (AM) is expected to generate the above free cash flows over the next four years, after which they are expected to grow at a rate of 5% per year. If the weighted average cost of capital is 12%, what is AM's current value?
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Public Finance A Contemporary Application Of Theory To Policy
Authors: David N Hyman
12th Edition
0357442156, 978-0357442159
