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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 company's excess earnings are closest to: Select one:

a. $84,810

b. $75,350

c. $81,650

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