9. Sunshine Lodging Inc. (SLI) is a Florida-based hotel resort with the following projected unlevered free cash flows (UFCFs) for the next 5 years, given in USD million: Year1: 12.0 ; Year2: 13.8 ; Year3: 14.9 ; Year4: 16.5 ; Year 5: 18.0. After year 5, UFCFs are projected to grow at an annual rate of 5%. The companys weighted average cost of capital stands at 8% per annum. Estimate the enterprise value of SLI based on the DCF methodology.

a) USD 468 million

b) USD 472 million

c) USD 488 million

d) USD 493 million

unanswered