medium · Private Equity

A company is being valued using a Gordon Growth DCF. The Year 5 Free Cash Flow to the Firm (FCFF) is projected to be 40.0 million.

If the WACC is 10% and the long-term sustainable growth rate is 3%, what is the Terminal Value at the end of Year 5?

  1. 571.4 million
  2. 400.0 million
  3. 588.6 million
  4. 1,333.3 million

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