35. Flexilight Corp. current year's free cash flow is $12 million. It is projected to grow at 23% per year for the next six years.

It is expected to grow at 6% beyond the sixth year.

The firm estimates that its cost of capital is 13% during the next five years and then will drop to 9% beyond the sixth year.

Estimate the firm's current market value. Answer in Millions to 2 decimal places, so if your answer is $123,456,789, enter 123.46

Show your work if you can, for partial credit.