A company forecasts free cash flow in next year to be $20 million, $25 million in second year, and 30 million in third year. After the third year, free cash flow will grow at a constant rate of 5 percent per year. If the overall cost of capital (WACC) is 10 percent, what is the current value from operations, to the nearest million? $169 m $535 m $284 m $386 m $515 m