Qusetion: Current and projected free cash flow for Radell Global Operations are shown below. Growth is expected to be constant after 2015, and the weighted average cost of capital is 11%. What is the horizon (continuing) value at 2016 if growth from 2015 remains constant?
| Actual 2013 |
2014 |
Projected 2015 |
2016 |
| $606.82 |
$667.50 |
$707.55 |
$750.00 |