A financial analyst from Raymond James made the following forecast for Hi-tech Firm TGI between 2013-2015 (in millions of dollars) at the end of 2012. Raymond James expects a constant growth of 8% in Cash Flow from operations after 2015. However, Raymond James is expecting uneven above-average growth in Investments. Specifically, TGI is expected to have an initial six-year period of 9% per year growth after 2015. Analysts anticipates that TGI will increase its investments 5% per year as a mature company, and allows 10 years for the transition to the mature growth period. TGI reported $4,400 in short-term and long-term debt and 450 million shares outstanding at the end of 2012. (WACC=11%).

	2013	2014	2015
CFFO	265.00	320.00	545.00
CF Investment	258.00	196.00	345.00

Calculate  the present value in the year 2012 of free cash flow from 2016 to 2021