Young & Liu Inc.'s free cash flow during the just-ended year (t = 0) was $100 million, and FCF is expected to grow at a constant rate of 5% in the future.If the weighted average cost of capital is 15%, what is the firm's value of operations, in millions?
A) $948
B) $998
C) $1, 050
D) $1, 103
E) $1, 158
Correct Answer:
Verified
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