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Assume the following free cash flows for Elle Inc. for Year 6 and forecasted FCFF for Year 7 onward (in millions): Terminal Year Current Forecast

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Assume the following free cash flows for Elle Inc. for Year 6 and forecasted FCFF for Year 7 onward (in millions): Terminal Year Current Forecast Horizon (millions) Year 7 Year 8 Year 9 Year 10 Year 11 Free cash flows to the firm (FCFF) 57,459 $7,832 $8,224 $8,635 $9,067 39,248 The DCF value of the firm using the FCFF information above, a discount rate of 6%, and an expected terminal growth rate of 2%, is: Select one: a. $212,272 million b. None of these are correct c. $201.906 million o d. 5151,228 million e. $225,008 million

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