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FCF 11(Year 0)= $1,211,699 FCF 12 (Year 1)= $1,354,679 FCF 13 (Year 2)= $1,514,5

ID: 2349987 • Letter: F

Question

FCF 11(Year 0)= $1,211,699
FCF 12 (Year 1)= $1,354,679
FCF 13 (Year 2)= $1,514,532
FCF 14 (Year 3)= $1,693,246
FCF 15 (Year 4)= $1,893,049
FCF 16 (Year 5)= $2,116,429
FCF 17 (Year 6)= $2,366,168
FCF 18 (Year 7)= $2,645,376
FCF 19 (Year 8)= $2,957,530
FCF 20 (Year 9)= $3,306,518
FCF 21 (Year 10)=$3,696,688

FCF0 = $1,211,699
WACC = 0.060270445
g = 0.118


Vop= FCF0 (1-g)/ WACC - g
Value of Operations= -$23,465,959

I come out with a negative number, can Value of Operations be negative? I know it is because my growth rate is larger than my WACC. What did I do wrong here?

Please help :)

Explanation / Answer

No it cant be negative You took more growth rate and missed one parameter