::: vuaskari.com ::: MGT201 help required

Assume a company had Rs.1 billion in free cash flow last year, and it is expected to grow that cash flow at 3% into perpetuity. Assuming a 9% cost of equity, what is the present value of the company?

      ► Rs.12.08 billion

       ► Rs.18.15 billion

       ► Rs.14.16 billion

       ► Rs.16.67 billion

please can some one tell which formula has been applied to this?

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