Question 14
Consider a company that's projected to generate free cash flows of $80 million, $100 million, and $110 million over the next three years. After that, cash flows are projected to grow at a stable rate of 2% in perpetuity. The company's cost of capital is 15%. What is the company's estimated enterprise value based on these projections?
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a $785 million
b $811 million
c $852 million
d $883 million
e $932 million
