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The equation that my book gives is Value of stockholders' equity = FCF1/(1+r)+FCF2/(1+r)^2... +FCFn/(1+r)^n+TVn/(1+r)^n where FCF1, FCF2, and FCFn denote free cash flows received at the end of future periods. N is the end of the life of the firm. TV is the terminal value It gives this...
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