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FinCorp's free cash flow to the firm is reported as $215 million. The firm's interest expense is $24 million. Assume the
Posted: Fri Mar 04, 2022 9:36 am
by answerhappygod
- Fincorp S Free Cash Flow To The Firm Is Reported As 215 Million The Firm S Interest Expense Is 24 Million Assume The 1 (66.43 KiB) Viewed 30 times
FinCorp's free cash flow to the firm is reported as $215 million. The firm's interest expense is $24 million. Assume the corporate tax rate is 21% and the net debt of the firm increases by $5 million. What is the market value of equity if the FCFE is projected to grow at 3% indefinitely and the cost of equity is 12%? (Round your answer to 2 decimal places.) Market value of equity