The Nonconstant Growth Firm Value Calculator can be used to find the value of a Nonconstant or Supernormal Growth of FCF.

**Free Cash Flow Fields**- Enter the Current FCF (FCF0) in this field.**Growth Rate Fields**- Enter the FCF Growth Rates in these fields. The last rate entered is used as the constant or normal FCF growth rate. Leave the remaining Growth Rate fields blank. (For example if the FCFs began growing at a constant rate in year 4 then the constant growth rate would be entered in the row for year four and the remaining rows would be left blank.)**Required Return Field**- Enter the Required Return in this field.**Stock Price Field**- The Firm Value is displayed in this field.

**Buttons** - Press the **Calculate** button to calculate the firm value. Press the **Clear** to clear the calculator.

copy right 2002 - 2019 by Mark A. Lane, Ph.D.

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