Question: Please explain this question and show the working. Thanks! 11. Unicorn Ltd's most recent free cash flow announced yesterday was $100 million and will grow

Please explain this question and show the working. Thanks!

11. Unicorn Ltd's most recent free cash flow announced yesterday was $100 million and will grow at 5 percent, a rate that is expected to be constant. If the corn pa ny's weighted average cost of capital is 15 percent, what is the fair value of the firm? a. S 913 million b. $1,000 million c. $1,050 million d $2,000 million

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