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  1. business
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  3. consider a company that is projected to generate r

Consider a company that is projected to generate revenues of $445 million next year. Analysts...

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Accounting

Consider a company that is projected to generate revenues of $445 million next year. Analysts expect revenues to grow at a 3.2% annual rate for the following two years (until the end of year 3) and then at a stable rate of 2.3% in perpetuity. If the company is expected to have a gross margin of 75%, operating margin of 49%, net margin of 25%, tax rate of 12.3%, and reinvestment rate of 40%, what is its expected free cash flows in four years from today? Answer in millions, rounded to one decimal place (e.g., $2,315,612 = 2.3).

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