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A company has projected this information for the next 3 years.

	Year1	Year 2	Year 3
Sales	$541 million	$643 million	$678 million
Costs	$251 million	$301 million	$321 million
Depreciation	$100 million	$100 million	$100 million
EBIT	$190 million	$242 million	$257 million
Taxes (34%)	$64.6 million	$82.3 million	$87.4 million
CAPEX	$79 million	$83 million	$87 million
Increases in NWC	$21 million	$23 million	$24 million

After year 3, the company anticipates increasing free cash flows at a rate of 2% per year, indefinitely. The weighted average cost of capital is 11.5%. What is the value of this firm? Round your answer to two decimal places.

$2,341.78 million

$1,578.95 million

$2,147.03 million

$1,984.53 million

$1,178.35 million

Please explain how you got the answer