JenBritt Incorporated had a free cash flow (FCF) of $80 million in 2021. The firm projects FCF
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JenBritt Incorporated had a free cash flow (FCF) of $80 million in 2021. The firm projects FCF of $200 million in 2022 and $500 million in 2023. FCF is expected to grow at a constant rate of 4% in 2024 and thereafter. The weighted average cost of capital is 9%. What is the current (i.e., beginning of 2022) value of operations?
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HV2023 FCF2023 1 gL WACC gLD 50...View the full answer
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Related Book For 
Intermediate Financial Management
ISBN: 9780357516669
14th Edition
Authors: Eugene F Brigham, Phillip R Daves
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