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Question
Judd Corporation has a weighted average cost of capital of 10.25%, and its value of operations is $57.50 million. Free cash flowis expected to grow at a constant rate of 6.00% per year. What is the expected year-end free cash flow, FCF1 in millions?a. $2.20
b. $2.44
c. $2.69
d. $2.96
e. $3.25
Answer
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