Question: You are analyzing the U . S . equity market based upon the S&P Industrials Index and using the present value of free cash flow

You are analyzing the U.S. equity market based upon the S&P Industrials Index and using the present value of free cash flow to equity technique. Your inputs are as follows:
Beginning FCFE: $100
k=0.13
\table[[Growth Rate:,],[Year1-3:,13%
 You are analyzing the U.S. equity market based upon the S&P

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