What is the horizon value to the nearest million

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A company forecasts free cash flow of $70 million in five years. It expects the free cash flow to grow at a constant rate of 7 percent thereafter. If the weighted average cost of capital is 12 percent, what is the horizon value, to the nearest million? (hint: the horizon value will not be a present value today, but a value four years from now)

Reference no: EM132507372

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