Question: (Please use a math, finance equation and/ or formula. DONT USE A SHEET CHART, EXCEL, OR GRAPH) 15) ACME Corporation is a fast-growing supplier of

(Please use a math, finance equation and/ or formula. DONT USE A SHEET CHART, EXCEL, OR GRAPH)

15) ACME Corporation is a fast-growing supplier of office products. Analysts project the following free cash flows (FCFs) during the next 5 years [-25,-10,5,15,25] (in millions), after which FCF is expected to grow at a constant 6% rate. ACME WACC is 10%. What is the firms market value of equity? (in millions) Assume that ACME has zero non-operating assets. ACME has $80 million in debt and preferred stock and currently 18 million shares are outstanding.

357.43

389.94

401.67

329.89

435.33

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