Assume the following free cash flows for Starbucks INC. for 2016 and forecasted FCFF for 2017 onward (in millions):

	Current	Forecast Horizon				Terminal
($millions)	2017	2018	2019	2020	2021	Year
Free cash flows to the firm (FCFF)	$6,216	$6,527	$6,853	$7,196	$7,556	$7,707

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:

$181,836 million

$176,900 million

$126,028 million

$145,189 million

None of the above

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