Florida Development, Inc.'s free cash flow (FCF) during the year just-ended (t = 0) was $75...
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Florida Development, Inc.'s free cash flow (FCF) during the year just-ended (t = 0) was $75 million, and FCF is expected to grow at a constant rate of 7.50% per year in the future. If the weighted average cost of capital is 12%, what is the firm's value of operations, in millions? Note: Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box. For example, if your answer is $1.234.567 then enter as 1234.57 in the answer box. Florida Development, Inc.'s free cash flow (FCF) during the year just-ended (t = 0) was $75 million, and FCF is expected to grow at a constant rate of 7.50% per year in the future. If the weighted average cost of capital is 12%, what is the firm's value of operations, in millions? Note: Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box. For example, if your answer is $1.234.567 then enter as 1234.57 in the answer box.
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Related Book For
Financial Management Theory and Practice
ISBN: 978-1305632295
15th edition
Authors: Eugene F. Brigham, Michael C. Ehrhardt
Posted Date:
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