2021

2022

2023

2024

2025

EBIT

2.9

4.1

4.8

5.8

6.2

Depreciation

1.1

1.2

1.5

1.6

1.9

Tax

0.87

1.23

1.44

1.74

1.86

Net Capital Spending

0.5

0.8

1

1.2

2

Change in NWC

0.25

0.45

0.35

0.55

0.24

For Company XYZ,,the projected cash flow components (in $mil) for the next five years are as shown above.WACC is 10% and the growth rate is projected to be 6% for free cash flows during the horizon period after 2025. Usingmid-year convention method,What is the sum of the PV of free cash flows between 2021 and 2025?