Young & Liu Inc's free cash flow during the just-ended year (t = 0) was $100 million, and FCF is expected to grow at a constant rate of 5% in the future. If the weighted average cost of capital is 15%, what is the firm's value of operations, in millions?
a. $948
b. $998
c. $1,050
d. $1,103
e. $1,158
c
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What will be an ideal response?
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Fill in the blank(s) with correct word
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