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You have the following data for CFL Inc.: FCF1 = $5 million; FCF2 = $7 million; FCF3 = $10 million; free cash flow grows at
You have the following data for CFL Inc.: FCF1 = $5 million; FCF2 = $7 million; FCF3 = $10 million; free cash flow grows at a rate of 6.5% for year 4 and beyond. The firm's weighted average cost of capital is 10%. The firm has 5 million in debt, 10 million shares outstanding, no short-term investments and no preferred stocks. What is the firm's value of operation based on the forecasted FCF? (10 points) Instruction: Do not round intermediate calculation. Round your final answer to the closest integer (i.e. no decimal). Do not include the dollar ($) symbol in your answer, number only
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