1. Bird Song Industries makes a bird seed that sets native song birds singing all day long. Its product has been discovered by the back-to-nature crowd around the world. As a result, Bird Song's executives expect free cash flow (FCF) to grow rapidly over the next 3 years. The forecast FCFs are $15 in 2021 (one year from now), $30 in 2022, and $40 in 2023. After 2023, Bird Song expects growth to slow to 2.0% per year and remain there in perpetuity. Bird Song's weighted average cost-of-capital (WACC) is 12%. What is Bird Songs fundamental value?