If the companys weighted average cost of capital is 13 and


Client Corp. forecasts its free cash flows to be -$12.0, $4.0, $20.0 and $30.0 in the next four years (amounts in millions). If the company's weighted average cost of capital is 13% and its free cash flows are expected to grow at a L-T sustainable growth rate of 5% in all years after year 4, what is the value of Client's operations (rounded to the nearest million)?

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Financial Management: If the companys weighted average cost of capital is 13 and
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