A company has projected this information for the next 3 years. Year1 Year 2 Year 3 Sales $541 million $643 million $678 million Costs $251 million $301 million $321 million Depreciation $100 million $100 million $100 million EBIT $190 million $242 million $257 million Taxes (34%) $64.6 million $82.3 million $87.4 million CAPEX $79 million $83 million $87 million Increases in NWC $21 million $23 million $24 million After year 3, the company anticipates increasing free cash flows at a rate of 2% per year, indefinitely. The weighted average cost of capital is 11.5%.

What is the value of this firm? Round your answer to two decimal places.

$1,984.53 million $1,578.95 million $2,147.03 million $1,178.35 million $2,341.78 million