medium · Investment Banking

In a DCF analysis, the terminal year (Year 5) EBITDA is $500 million and the normalized UFCF is $350 million.

If the WACC is 10% and the Perpetuity Growth Rate is 3%, what is the Terminal Value using the Perpetuity Growth Method (PGM)?

  1. $2,692 million
  2. $3,500 million
  3. $5,150 million
  4. $5,000 million

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