Question: #2 Current and projected free cash flows for Radell Global Operations are shown below. Actual Projected 2021 2022 2023 2024 Free cash flow $607.460 $668.140
#2
Current and projected free cash flows for Radell Global Operations are shown below.
| Actual | Projected | |||
| 2021 | 2022 | 2023 | 2024 | |
| Free cash flow | $607.460 | $668.140 | $708.187 | $750.640 |
| (millions of dollars) | ||||
Growth is expected to be constant after 2023, and the weighted average cost of capital is 12%. What is the horizon (continuing) value at 2024 if growth from 2023 remains constant? Do not round intermediate calculations. Enter your answer in millions. For example, an answer of $1 million should be entered as 1, not 1,000,000. Round your answer to the nearest whole number.
$ million
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
