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3) ABC Corporations free cash flows were projected to be 32,000 in 2017, 35,000 in 2018, 36,000 in 2019 and 38,000 in 2020. After 2020

3) ABC Corporations free cash flows were projected to be 32,000 in 2017, 35,000 in 2018, 36,000 in 2019 and 38,000 in 2020. After 2020 ABCs free cash flows were expected to grow at a steady 5% annual rate. ABCs weighted average cost of capital was 9%. As of December 31, 2016, what was ABC Corporations value of operations?

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