Question: Question 29 3 pts Kedia Inc. forecasts a negative free cash flow for the coming year, FCF, --S10 million, but it expects positive numbers thereafter,
Question 29 3 pts Kedia Inc. forecasts a negative free cash flow for the coming year, FCF, --S10 million, but it expects positive numbers thereafter, with FCE- $11 million. After Year 2, FCF is expected to grow at a constant rate of 4% forever. Assume the firm has zero non-operating assets. If the weighted average cost of capital is 14.0%, what is the firm's total corporate value, in millions? Do not round intermediate calculations. $83.33 0 S101.85 O 92.11 596.71 O $87.72
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