VIP Exclusive
DCF Discounted Cash Flow VIP Certification Exam
DCF — There is no single standardized 'DCF Certification' issued by one governing body; DCF valuation is a core competency tested at the CFA Level 2 and Level 3 exams (CFA Institute), in investment banking technical interviews (Wall Street standards), and in financial modeling certifications such as FMVA (CFI) and BIWS — this exam mirrors the rigor, scenario depth, and topic coverage common to those assessments.
56
Questions
90m
Time Limit
75.00%
To Pass
Question 1 of 56👑 VIP
An analyst is building a DCF model for a manufacturing company. She projects the following free cash flows to the firm (FCFF): Year 1: $12M, Year 2: $15M, Year 3: $18M, Year 4: $21M, Year 5: $24M. The WACC is 10% and the terminal growth rate is 3%. What is the terminal value at the END of Year 5 using the Gordon Growth Model?
Questions 2–56 and full explanations are VIP-exclusive.