medium · Investment Banking

A company is projected to generate $120M in Unlevered Free Cash Flow in the first year after the projection period.

If the WACC is 10% and the long-term perpetuity growth rate is 3%, what is the Terminal Value of the business at the end of the projection period?

  1. $1,558.4M
  2. $1,200.0M
  3. $1,714.3M
  4. $4,000.0M

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