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You have been asked to value the following project using DCF and have been provided with the following estimates of expected free cash flow over

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You have been asked to value the following project using DCF and have been provided with the following estimates of expected free cash flow over its three-year life... 1 2 3 End of year FCF $ millions 1,100 1,210 1,331 The vanilla WACC for the project is 10% per annum, the corporate tax rate is 30% and the project will be financed with $1,400 million of three-year fixed rate debt. What is the equity value of the project today

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