ABC Company expects its free cash flows to vary considerably during the next few years. However, its FCF is expected to be $40 million in Year 5 (i.e., FCF at t=5), and the FCF growth rate is expected to be a constant 5.1% beyond that point. The company's WACC is 12.3%. What is the horizon value (in millions) in year 5 (i.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.)

Group of answer choices

$584 million

$575 million

$593 million

$580 million

$590 million