ANSWER QUESTION CORRECTLY AND I WILL UPVOTE PLEASE SHOW WORK AND FORMULAS (JUST NEED PART A)

Check My Work (1 remaining) Problem 7-17 Value of Operations Kendra Enterprises has never paid a dividend. Free cash flow is projected to be $80,000 and $100,000 for the next 2 years, respectively; after the second year, FCF is expected to grow at a constant rate of 8%. The company's weighted average cost of capital is 16%. a. What is the terminal, or horizon, value of operations? (Hint: Find the value of all free cash flows beyond Year 2 discounted back to Year 2.) Round your answer to the nearest cent