15. The firm forecasts that its free cash flow in the coming year, i.e., at t= 1, will be P 10 million, but its FCF at t= 2 will be P 20 million. After Year 2, FCF is expected to grow at a constant...

Extracted text: 15. The firm forecasts that its free cash flow in the coming year, i.e., at t= 1, will be P 10 million, but its FCF at t= 2 will be P 20 million. After Year 2, FCF is expected to grow at a constant rate of 4% forever. If the weighted average cost of capital is 14%, what is the firm's value of operations, in millions? с. 173 f. 204 а. 124 b. 167 d. 184 е. 138