6. (9 pts) During the next three years, Titan Corp. is expected to have the following cash flows for EBIT, Depreciation, Taxes, the increase in net working capital, and capital spending. The company currently has $13 million in debt and 800,000 shares outstanding. After year three, the free cash flows are expected to grow at 3 percent forever. The company's WACC is 8.5 percent and the tax rate is 35 percent. What is the value of Titan Corp. using the free cash flows based on the numbers in the table below. Please make sure to show the annual free cash flows of the firm. Year 1 Year 2 Year 3 EBIT $3,392,500 $3,901,375 $4,486,581 Depreciation $282,000 $338,400 $406,080 Taxes $1,187,375 $1,365,481 $1,570,303 Capital spending $570,000 $684,000 $820,800 Change in NWC $115,500 $127,050 $139,755