In: Finance
Brook Corporation's free cash flow for the current year (FCF0) was $4.00 million. Its investors require a 15% rate of return on Brooks Corporation stock (WACC = 15%). What is the estimated value of the value of operations if investors expect FCF to grow at a constant annual rate of (1) - 5%, (2) 0%, (3) 3%, or (4) 14%? Do not round intermediate calculations. Enter your answers in millions. For example, an answer of $1 million should be entered as 1, not 1,000,000. Round your answers to two decimal places.
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