Assume you are valuing a company for acquisition and you believe it will

generate net cash flows of $$1\mathrm{.}0$ million, $$1\mathrm{.}25$ million, $$1\mathrm{.}55$ million, and $$1\mathrm{.}80$

million over years $1-4.$ If earnings $($net cash flows$)$ are expected to grow at a

$4\mathrm{.}0\%$ annual rate forever after year $4,$ and the weighted average cost of capital

for this firm in $9\mathrm{.}0\%$ the terminal value of this company is $.$

and its overall current $($time $0)$ value is

$$26\mathrm{.}52$ million; $$20\mathrm{.}87$ million

$$37\mathrm{.}44$ million; $$26\mathrm{.}52$ million

$$26\mathrm{.}52$ million; $$23\mathrm{.}89$ million

$$37\mathrm{.}44$ million; $$25\mathrm{.}27$ million