Question: You have been tasked with building a stand - alone DCF valuation for Milner Beverages, a publicly traded company, using the unlevered two - stage

You have been tasked with building a stand-alone DCF valuation for Milner Beverages, a publicly traded company, using the unlevered two-stage approach. You calculate the following:
$ in millions2017201820192020202120222023Unlevered free cash flow110.0120.0150.0170.0200.0250.0280.0
In addition, you calculate the following:

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