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You are valuing a company today, using the FCF valuation method. The company's most current cash flow is 135 million, and you forecasted the free

You are valuing a company today, using the FCF valuation method. The company's most current cash flow is 135 million, and you forecasted the free cash flows for the next 4 years in the table below. You estimate that the company will grow at the same rate as its industry, 3.5%, after 2021 indefinitely. If the cost of capital is 10%, what is the value of this company?

Year FCF (Million)

2018 165

2019 185

2020 235

2021 255

3426.92 million

3789.46 million

5871.79 million

4610.06 million

4823.96 million

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