At the end of 2006, you forecast that a firm's free cash flow for 2007 will be $430 million. The firm has 5,000 million shares outstanding, trading at $4.30 each and no net debt. What is the forecast of the growth rate in free cash flows after 2007 that is implicit in the market price? Use a required return of 10%.
This explain the forecast of growth rate in free cash flow