Question: (Please use a math, finance equation and/ or formula. DONT USE A SHEET CHART, EXCEL, OR GRAPH) 6) A firm has the following expected cash
(Please use a math, finance equation and/ or formula. DONT USE A SHEET CHART, EXCEL, OR GRAPH)
6) A firm has the following expected cash flows: -10, 15, 25 (in millions). After year 3, cash flows will grow by 6% and the WACC is 12%. If non-operating assets are 10 million, the market value of debt and preferred stock is 75 million, and there are 20 million shares outstanding, what is the total firm value? (in millions)
389.35
423.64
487.32
287.45
345.19
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