You are given the following forecasted information for the year 2016: sales=$300,000,000, Operating Profitability=6%, Capital Requirements=43%, growth=5%, and WACC=9.8%. If these values remain constant, what is the horizon value(i.e. the 2016 value of operations)?
I understand this question was posted already, but the person answered it wrong according to the back of the book answer, and didn't show work when stating the back of the book answer.