Ryan Enterprises forecasts the free cash flows (in millions) shown below. The weighted average cost of capital is 13.0%, and the FCFs are expected to continue growing at a 5.0% rate after Year 3. What is the Year 0 value of operations, in millions?
A) $314.51
B) $331.06
C) $348.48
D) $366.82
E) $386.13
Correct Answer:
Verified
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