Heath and Logan Incforecasts the free cash flows (in millions) shown below The weighted average cost of capital is 13%, and the FCFs are expected to continue growing at a 5% rate after Year 3 Assuming that the ROIC is expected to remain constant in Year 3 and beyond, what is the Year 0 value of operations, in millions?
A) $315
B) $331
C) $348
D) $367
E) $386
Correct Answer:
Verified
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