3. Your firm would like to evaluate a proposed new operating division. You have forecasted cash flows for this division for the next five years, and have estimated that the cost of capital is 12%. You would like to estimate a continuation value, i.e TV at end of year 5 under the continue option. You have made the following forecasts for the last year of your five-year forecasting horizon (in millions of dollars): Year 5 1200 Revenues Operating income Net income 100 50 Free Cash Flow 110 Book value of equity 400 You forecast that future free cash flows after year 5 will grow at 2% per year, forever. Estimate the TV at the end of year 5 under the continue option. Enter answer without $ sign and without decimals