A company expected to have free cash flow in the coming year of $9 million, and this free cash flow is expected to grow at a rate of 3% per year thereafter. The company has an equity cost of capital of 10.30%, a debt cost of capital of 6.5%, and it has a 21% corporate tax rate. If the company currently maintains a .5 debt to equity ratio, then what is the value of the company as an all-equity firm in $ million? (Hint: use the pre-tax WACC to discount the unlevered cash flows)

		$122.21
		$128.95
		$135.69
		$142.43
		$149.17