Terminal Value - need to discounted back ?

when the qns ask what is the terminal value contributing to the price, should we discount back (find the PV) or not? on the books example, it is not, but in the Topic Test, it is.

Didn’t it specify in the TT that the terminal value should be discounted to today?

thanks…got it

Yea, look for key words like contribution to “actual”, “current”, “today” in combination with value.