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Given the Following Data

Question 1

Multiple Choice

Given the following data:
FCF1 = $20 million; FCF2 = $20 million; FCF3 = $20 million; free cash flow grows at a rate of 5% for year 4 and beyond. If the weighted average cost of capital is 12%, calculate the value of the firm.


A) $300 million
B) $261.57 million
C) $213.53 million
D) None of the above

Correct Answer:

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