Hi,
am sorry I cannot see where it used 12% growth rate for FCFE, it has used 20% till 2017 and the used perpetuity formula to get the terminal value where it used the growth rate of 6%
Let me know
I got all answers correct for this
Hi saurabhm,
Thanks for the reply! I was tired that day. I think my brain was not functioning well. They used 1.2 as a number which is 20% rate. For some reason, I kept thinking it was 12% for a while.
Thanks and good luck!
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