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Young & Liu Inc.'s free cash flow during the just-ended year (t = 0) was $100 million, and FCF is expected to grow at a
Young & Liu Inc.'s free cash flow during the just-ended year (t = 0) was $100 million, and FCF is expected to grow at a constant rate of 5% in the future. If the weighted average cost of capital is 15%, what is the firm's value of operations, in millions? I have came up with an answer of 1.050M, but because I am not good with Excel I am not sure n how to enter this as a formula, please show detail information. I kep gatting "VALUE" error. If t can be done, if not I will just leave it as is. Thank you in advance.
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