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The Free Cash Flow Business Valuation Model,,,,,, ,,,,,, ,,,,,, ,,,,,, ,,,,,, ,,,,,, ,,,,,, The Discounted Free Cash Flow Model for a Complete Business,,,,,, ,,,,,, Pie In the Sky Company,,,,,, ,,,,,, Forecasting Variables:,,,,,, ,2002,2003,2004,2005,2006,2007,2008,2009,2010,2011 Revenue growth factor,20 ,30 ,40 ,50 ,60 ,50 ,40 ,30 ,20 ,10 Expected gross profit margin,50 ,51 ,52 ,53 ,54 ,55 ,56 ,57 ,58 ,59 "S, G, A expense of revenue",50 ,40 ,30 ,29 ,28 ,27 ,26 ,25 ,24 ,23 Depr..