A company has a current free cash flow (FCF0 ) of $100M and expects it to grow at a constant rate of 5%. It has short-term investments of $75M, preferred stock worth $50M, and $110M of long-term debt (assume debt book value and market value are equal). The WACC is 9% and there are 20M shares of common stock with an equity book value of $140M. The current market price per share is $130. What is the value of operations?