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Assume the following free cash flows for Zhang Inc. for 2011 and forecasted FCFF for 2012 onward (in millions):Current Forecast HorizonTerminal($ millions) 2011 2012 2013

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Assume the following free cash flows for Zhang Inc. for 2011 and forecasted FCFF for 2012 onward (in millions):Current Forecast HorizonTerminal($ millions) 2011 2012 2013 2014 2015 YearFree cash flows to the firm (FCFF) $5.138 $5.396 $5,794 $6,624 $7,290 $7.578The DCF value of the firm using the FCFF information above, a discount rate of 8%, and an expected terminal growth rate of 3.5%, is:$144,360 million$13S,190 million$37,820 million$25,738 millionNone of the above

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