A firm is expected to generate free cash flow of $12.13 million in 1 year, $18.39

million in 2 years, and $7.97 million in 3 years. 4 years from now, the firm is expected

to incur a cost of $23.69 million. No other cash flows are expected to be generated

by the firm. If the discount rate applicable to the firm's cash flows is 18.13% per year

compounded annually, what is the value of this firm today? Round all intermediate

calculations to 6 decimal points. Your final answer should be within $500 of the

correct answer choice.

$28.281,498

$16.116.158

$13.910.582

$40.446,838