Borrower Corp.has the ability to produce $4,000,000 of free cash flow next year and expects that to grow by 2% per year thereafter.If Borrower's weighted average cost of capital is 13%,then what is the value of Borrower?
A) $40,000,000.00
B) $30,769,230.77
C) $36,363,636.36
D) none of the above
Correct Answer:
Verified
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