Justus Motor Co.has a WACC of 11.50%, and its value of operations is $25.00 million. Justus's free cash flow is expected to grow at a constant rate of 7.00%. What was the last free cash flow, FCF0 in millions?
A. $0.95
B. $1.05
C. $1.16
D. $1.27
E. $1.40
Answer: B
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