Question: Current and projected free cash flows for Radell Global Operations are shown below. Actual 2018 2019 Projected 2020 2021 Free cash flow $603.48 $664.16 $704.21

Current and projected free cash flows for Radell Global Operations are shown below.

Actual 2018 2019 Projected 2020 2021
Free cash flow $603.48 $664.16 $704.21 $760.55
(millions of dollars)

Growth is expected to be constant after 2020, and the weighted average cost of capital is 11.4%. What is the horizon (continuing) value at 2021 if growth from 2020 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

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