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Assume the following free cash flows for Elle Inc. for Year 7 and forecasted FCFF for Year 8 onward (in millions): ($ millions) Free

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Assume the following free cash flows for Elle Inc. for Year 7 and forecasted FCFF for Year 8 onward (in millions): ($ millions) Free cash flows to the firm (FCFF) Current Year 7 Year 8 $7,459 $7,832 Forecast Horizon Terminal Year 9 Year 10 Year 11 $8,224 $8,635 $9,067 Year $9,248 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 d. $225,008 million e. $151,228 million

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