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ABC Company expects its free cash flows to vary considerably during the next few years. However, its FCF is expected to be $36 million in

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ABC Company expects its free cash flows to vary considerably during the next few years. However, its FCF is expected to be $36 million in Year 5 (i.e., FCF at t=5), and the FCF growth rate is expected to be a constant 5.6% beyond that point. The company's WACC is 12.5%. What is the horizon value (in millions) in year 5 (.e., t=5)? Do not discount the horizon value to Year 0. Round your answer to the nearest dollar. (Hint: Use the horizon value (HV) formula with a constant growth.) e $542 million $548 million $551 million 5554 million $545 million

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