Question: Cash flow fromoperations$ 1 , 4 5 0 $ 1 , 5 7 6 $ 1 , 7 1 8 Cash investment 1 , 0

Cash flow fromoperations$1,450$1,576$1,718Cash investment1,0201,1241,200ExercisesDrill ExercisesE4.1. A Discounted Cash Flow Valuation (Easy)At the end of 2009, you forecast the following cash flows (in millions) for a firm with not debt of $759 million:You forecast that free cash flow will grow at a rate of 4% per year after 2012. Use a requirad return of 10% in answering the following questions.a. Calculate the firm's enterprise value at the end of 2009.b. Calculate the value of the equity at the end of 2009.

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