Question: Current and projected free cash flows for Radell Global Operations are shown below. Actual Projected 2019 2020 2021 2022 Free cash flow $613.640 $674.320 $714.367
Current and projected free cash flows for Radell Global Operations are shown below.
| Actual | Projected | |||
| 2019 | 2020 | 2021 | 2022 | |
| Free cash flow | $613.640 | $674.320 | $714.367 | $771.520 |
| (millions of dollars) | ||||
Growth is expected to be constant after 2021, and the weighted average cost of capital is 10.05%. What is the horizon (continuing) value at 2022 if growth from 2021 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.
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