Current and projected
free cash flows for Radell Global Operations are shown below.
| Actual 2016 |
2017 |
Projected 2018 |
2019 |
|
| Free cash flow | $606.82 | $667.50 | $707.55 | $750.00 |
| (millions of dollars) |
Growth is expected to
be constant after 2018, and the weighted average cost of capital is
11.15%.
What is the horizon
(continuing) value at 2019 if growth from 2018 remains constant?
Round your answer to the nearest dollar. Do not round intermediate
calculations.
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