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Allied Biscuit Co . is expected to generate a free cash flow ( FCF ) of $ 1 2 , 5 4 5 . 0

Allied Biscuit Co. is expected to generate a free cash flow (FCF) of $12,545.00 million this year (FCF= $12,545.00 million), and the FCF is expected to grow at a rate of 22.60% over the following two years (FCF and FCF). After the third year, however, the FCF is expected to grow at a constant rate of 3.18% per year, which will last forever (FCF). Assume the firm has no nonoperating assets. If Allied Biscuit Co.s weighted average cost of capital (WACC) is 9.54%, what is the current total firm value of Allied Biscuit Co.?(Note: Round all intermediate calculations to two decimal places.)
$325,628.14 million
$344,523.78 million
$38,616.39 million
$271,356.78 million

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