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Question
Justus Motor Co.has a WACC of 11.50%, and its value of operations is $25.00 million.Justus's free cash flow is expected to grow at a constant rate of 7.00%. What was the last free cash flow, FCF0 in millions?a. $0.95
b. $1.05
c. $1.16
d. $1.27
e. $1.40
Answer
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