Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.
QUESTION
A company forecasts free cash flow in one year to be -$10 million and free cash flow in two years to be $20 million.
A company forecasts free cash flow in one year to be -$10 million and free cash flow in two years to be $20 million. After the second year, free cash flow will grow at a constant rate of 4 percent per year forever. If the overall cost of capital is 14 percent, what is the current value of operations, to the nearest million?
