
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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A company forecasts growth of 6 percent for the next five years and 3 percent thereafter. Given last year's free cash flow was $106, what is its horizon
value (PV looking forward from year 4) if the company cost of capital is 8 percent?
Multiple Cholce
O
$1,773
$2,161
$2,837
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