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You are valuing a company at year end 2020 that has a target capital structure of 45% equity and 55% debt, That estimated cost of

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You are valuing a company at year end 2020 that has a target capital structure of 45% equity and 55% debt, That estimated cost of equity 14% and cost of debt(excluding tax effect) is 4%, respectively. The estimated stream of free cash flow to the firm is: Value is FCF 2020 2000 2021 2400 2021 2550 2023 2870 2024 3000 The expected nominal growth rate of FCF in perpetuity is 2%. The corporate tax rate is 30%. The estimated enterprise value is

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