Question: Current and projected free cash flows for Radell Global Operations are shown below. Actual 2016 2017 Projected 2018 2019 Free cash flow $610.76 $671.44 $711.49
Current and projected free cash flows for Radell Global Operations are shown below. Actual 2016 2017 Projected 2018 2019 Free cash flow $610.76 $671.44 $711.49 $768.41 (millions of dollars) Growth is expected to be constant after 2018, and the weighted average cost of capital is 11.45%. What is the horizon (continuing) value at 2019 if growth from 2018 remains constant? Round your answer to the nearest dollar. Round intermediate calculations to two decimal places.
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