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You are using the WACC approach to value Trinity Industries. The unlevered cash flows for the current year ( i . e . , now

You are using the WACC approach to value Trinity Industries. The unlevered cash flows for the current year (i.e., now) and for the next three years (i.e., Year 1, Year 2, and Year 3) are $100, $150, $225, and $275, respectively. Following the third year, you expect these cash flows to grow at 3% forever. You have estimated that Trinitys WACC is 5%.
At which year do you estimate the terminal value, and what is the terminal value?

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