4. Problem 7-0.4 (Horizon Value of Free Cash Hows) Horizon Value of Free Cash Flows...
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4. Problem 7-0.4 (Horizon Value of Free Cash Hows) Horizon Value of Free Cash Flows JenBritt incorporated had a free cash flow (FCF) of $82 million in 2019 . The firm projects FCF of $240 mititon in 2020 and $570 mison in 2021 . FCF is expected to grow at a constant rate of 5% in 2022 and thereafter. The weighted average cost of capital is 8%. What is the current (i.e., beginning of 2020) value of operations? Do cot round intermediate calculations. Enter your answer in millions, For exaensle, an answer of $1 milich shoull be entered as 1 , not 1,000,000, Plound your answer to two dedinal places
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