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ABC Inc. forecasts that it will have the free cash flows ( in millions ) shown below. If the weighted average cost of capital is

ABC Inc. forecasts that it will have the free cash flows (in millions) shown below. If the weighted average cost of capital is 14% and the free cash flows are expected to continue growing at the same rate since Year 2, what is the firms total corporate value, in millions? (Hint: The constant growth rate is the growth rate from Year 2 to Year 3.) Do not round intermediate calculations.
Answer just the dollar amount without the + or - sign. Round to two decimal places.
Year
1
2
3
Free cash flow
-$20.00
$48.00
$50.50

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