Question: Given the information below, using the discounted cash flow method to determine the market value of the target company--ABC in an acquisition transaction: Year

Given the information below, using the discounted cash flow method to determine the market value of the target company--ABC in an acquisition transaction: Year 2022 initial investment for possessing the acquisition: $15 million Year 2023 projected net cash flow from firm ABC: $6 million Year 2024 projected net cash flow from firm ABC: $8 million Year 2025 projected net cash flow from firm ABC: $9 million Year 2026 projected net cash flow from firm ABC: $10 million Year 2027 projected net cash flow from firm ABC: $12 million Industry multiple: 10 Discount rate: 20% The market value of firm ABC for this acquisition transaction is:$__________million

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