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A company forecasts the free cash flows ( in millions ) shown below. The weighted average cost of capital is 1 3 % , and

A company forecasts the free cash flows (in millions) shown below. The weighted average cost of capital is 13%, and the FCFs are expected to continue growing at a 6.7% rate after Year 3. Assuming that the ROIC is expected to remain constant in Year 3 and beyond, what is the Year 0 value of operations, in millions? (unnecessary to put $ sign and million into the answer space)
Year Cash Flows (in millions)
1 $-20
223
347

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