Suppose that an airport's projected net cash flow for next year is $500 million and it is

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Suppose that an airport's projected net cash flow for next year is $500 million and it is expected to grow at a constant rate of 5 percent. If the airport's weighted average cost of capital is 10 percent, what is the current value of the airport, to the nearest million?

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Foundations Of Airline Finance

ISBN: 9780415743259

2nd Edition

Authors: Bijan Vasigh, Kenneth Fleming, And Barry Humphreys

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