Based on the following JBH's projected free cash flows to equity holders between 2019 and 2021, what is the total equity value of JBH using the discounted cash flow model if analysts forecast the company's free cash flows to equity holders will grow at 5% p.a. constantly beyond the forecast horizon, assuming that JBH's cost of equity is 15%? (Rounding up numbers to 2 decimal places, and showing the workings of calculations)

Free cash flow to equity holders

2019F : 161 561

2020F: 159 916

2021F: 122 467