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Ankh - Sto Associates Co . is expected to generate a free cash flow ( FCF ) of $ 3 , 2 2 0 .

Ankh-Sto Associates Co. is expected to generate a free cash flow (FCF) of $3,220.00 million this year (FCF= $3,220.00 million), and the FCF is expected to grow at a rate of 21.40% over the following two years (FCF and FCF). After the third year, however, the FCF is expected to grow at a constant rate of 2.82% per year, which will last forever (FCF). Assume the firm has no nonoperating assets. If Ankh-Sto Associates Co.s weighted average cost of capital (WACC) is 8.46%, what is the current total firm value of Ankh-Sto Associates Co.?(Note: Round all intermediate calculations to two decimal places.)
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