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An analyst gathered the following information regarding Darius Investments: Current year FCFF = $5.2 million Expected growth rate in FCFF for the next three years

An analyst gathered the following information regarding Darius Investments:

Current year FCFF = $5.2 million

Expected growth rate in FCFF for the next three years = 14%

Long-term constant growth rate from Year 4 onward = 6%

WACC during the high-growth phase = 18%

WACC during the mature phase = 11%

The value of the firm today is closest to:

Select one:

a. $114 million

b. $56 million

c. $136 million

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