Question: View Policies Current Attempt in Progress You are valuing a company using the WACC approach and have estimated that the free cash flows from the

 View Policies Current Attempt in Progress You are valuing a company

View Policies Current Attempt in Progress You are valuing a company using the WACC approach and have estimated that the free cash flows from the firm (FCFF) in the next five years will be $36.4, $40.5, $43.9, $46.7, and $47.0 million, respectively. Beginning in year 6, you expect the cash flows to decrease at a rate of 2 percent per year for the indefinite future. You estimate that the appropriate WACC to use in discounting these cash flows is 12 percent. What is the value of this company? (Round answer to 2 decimal places, e.g. 52.75.) Value of company $ million eTextbook and Media Save for Later Attempts: unlimited Submit

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