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39. Assume the following free cash flows for Elle Inc. for Year 6 and forecasted FCFF for Year 7 onward (in millions): (Smillions) Free cash

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39. Assume the following free cash flows for Elle Inc. for Year 6 and forecasted FCFF for Year 7 onward (in millions): (Smillions) Free cash flows to the firm (FCFF) Current Forecast Horizon Year 7 Year 8 Year 9 Year 10 Year 11 $4,973 $5,222 $5,482 $5,757 $6,045 Terminal Year $6,166 The DCF value of the firm using the FCFF information above, a discount rate of 6%, and an expected terminal growth rate of 2%, is: A) $150,020 million B) $141,529 million C) $134,617 million D) $100,828 million E) None of these are correct

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