$11.$ More on the corporate valuation model

Widget Corp. is expected to generate a free cash flow $($FCF$)$ of $$12,985\mathrm{.}00$ million this year $($FCF$=$ $$12,985\mathrm{.}00$ million$),$ and the FCF is expected to grow at a rate of $26\mathrm{.}20\%$ over the following two years $($FCF$$ and FCF$).$ After the third year, however, the FCF is expected to grow at a constant rate of $4\mathrm{.}26\%$ per year, which will last forever $($FCF$).$ Assume the firm has no nonoperating assets. If Widget Corp.$$s weighted average cost of capital $($WACC$)$ is $12\mathrm{.}78\%,$ what is the current total firm value of Widget Corp.? $($Note: Round all intermediate calculations to two decimal places.$)$

$$215,231\mathrm{.}66$ million

$$258,277\mathrm{.}99$ million

$$291,882\mathrm{.}72$ million

$$38,813\mathrm{.}82$ million