Weighted average cost of capital

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Grimaldi's had Free Cash Flows (FCFs) of $1.05mm this past year. The projected FCFs for the next five years are $1.18mm, $1.26mm, $1.35mm, $1.49mm, and $1.54mm, respectively. After that time, FCF will be constant at $1.62mm. What is enterprise value (EV) in millions if the weighted average cost of capital (WACC) is 10.3 percent?

Reference no: EM131521570

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