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2. Thompson's Inc. has forecasted that it's free cash flow three years from now, FCF. will be $24 million. After three years, free cash flow

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2. Thompson's Inc. has forecasted that it's free cash flow three years from now, FCF. will be $24 million. After three years, free cash flow is expected to grow at a constant rate of 5%. If the WACC is 16%, what is Thompson's horizon value, V3? a. $208.30 million b. $218.43 million c. $229.09 milliorn d. $241.17 million e. none of the above

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