Problem 7-7 Horizon Value of Free Cash FlowsCurrent and projected free cash flows for Radell Global Operations are shown below.Actual20162017Projected20182019Free cash flow$600.64$661.32$701.37$757.48(millions of dollars)Growth is expected to be constant after 2015 and the weighted average cost of capital is 10.95%. What is the horizon (continuing) value at 2016 if growth from 2015 remains constant? Round your answer to the nearest dollar. Round intermediate calculations to two decimal places.$________________?
