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You are using the FCFF approach to value a business. You have estimated that the FCFF for next year will be $119.00 million and that

You are using the FCFF approach to value a business. You have estimated that the FCFF for next year will be $119.00 million and that it will increase at a rate of 9 percent for each of the following four years. After that point, the FCFF will increase at a rate of 3 percent forever. If the WACC for this firm is 11 percent and it has no NOA, what is it worth? (Round answer to 2 decimal places, e.g. 524.25.)

The firm is worth $_____________ million.

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