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Ryan Enterprises forecasts the free cash flows (in millions) shown below. Assume the firm has
zero non-operating assets. The weighted average cost of capital is 13.0%, and the FCFs are
expected to continue growing at a 5.0% rate after Year 3 . What is the firm's total corporate value
(in millions)? Do not round intermediate calculations.

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Ryan Enterprises forecasts the free cash flows (in millions) shown be.pdf

  • 1. Ryan Enterprises forecasts the free cash flows (in millions) shown below. Assume the firm has zero non-operating assets. The weighted average cost of capital is 13.0%, and the FCFs are expected to continue growing at a 5.0% rate after Year 3 . What is the firm's total corporate value (in millions)? Do not round intermediate calculations.