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You are trying to estimate the expected free cash flow next year for Brown Forman, a leading U . S . wine and spirits producer.
You are trying to estimate the expected free cash flow next year for Brown Forman, a leading US wine and spirits producer. In Brown Forman had aftertax operating income EBITt of $ million; it had a book value of equity of $ million and book value of debt of $ million. Assume that you expect aftertax operating income to grow in and no change in the firm's aftertax return on capital. Estimate the free cash flow to the firm in
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