You are asked to perform a DCF valuation. The cash flow in the horizon date (i.e., last year in the projection period) is provided as $10,000,000 with a 12% discount rate. Further, the growth rate of cash flows during the stable period (i.e., the constant-growth period, post explicit forecast period, post-projection period) is 4%. 

What is the terminal (horizon) value?

Answer rating: 100% (QA)

The terminal horizon value can be calculated using the perp... View the full answer