A firm’s value is the sum of all future expected free cash flows, converted into today’s dollars. FCF FCF FCF Value= 11+ 22+.... ∞∞ (1 + WACC) (1 + WACC) (1 + WACC)
A firm’s value is the sum of all future expected free cash flows, converted into today’s dollars.FCF FCF FCF Value= 11+ 22+.... ∞∞(1 + WACC) (1 + WACC) (1 + WACC)