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Business, 23.08.2021 22:30 poppygirl193

Flagstaff Enterprises expects to have free cash flow in the coming year of $8 million, and this free cash flow is expected to grow at a rate of 3% per year thereafter. Flagstaff has an equity cost of capital of 13%, a debt cost of capital of 7%, and it is in the 35% corporate tax bracket. If Flagstaff currently maintains a debt-to-equity ratio of 1, then the enterprise value of Flagstaff is closest to:

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Flagstaff Enterprises expects to have free cash flow in the coming year of $8 million, and this free...
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