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Business, 17.02.2020 22:28 SMACSS13

JenBritt Incorporated had a free cash flow (FCF) of $80 million in 2019. The firm projects FCF of $200 million in 2020 and $500 million in 2021. FCF is expected to grow at a constant rate of 4% in 2022 and thereafter. The weighted average cost of capital is 9%. What is the current (i. e. beginning of 2020) value of operations?

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JenBritt Incorporated had a free cash flow (FCF) of $80 million in 2019. The firm projects FCF of $2...
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