Question: How am I supposed to type in this answer? I also tried 11.88 and it told me it was wrong. I think the formula is

How am I supposed to type in this answer? I also tried 11.88 and it told me it was wrong. I think the formula is

55(1.08) / (0.13-0.08) = 1188000000??

Problem 9.15 (Corporat Valuation) Question 18 of 20 Check My Work (1 remaining) eBook Problem Walk-Through Dantzler Corporation is a fast-growing supplier of office products. Analysts project the following free cash flows (FCFS) during the next 3 years, after which FCF is expected to grow at a constant 8% rate. Dantzler's WACC is 13%. Year 0 1 2 3 U1 FCF ($ millions) - $17 $24 $55 a. What is Dantzler's horizon, or continuing, value? (Hint: Find the value of all free cash flows beyond Year 3 discounted back to Year 3.) Enter your answer in millions. For example, an answer of $13,550,000 should be entered as 13.55. Do not round intermediate calculations. Round your answer to two decimal places. $ 1.188 million

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