C enterprises is a privately owned retail company that is expected to generate 10 million in free cash flow next year. the firm is all equity funded and its cash flows are expected to grow at 3% a year forever. the cost of equity for a publicly traded retail firm is 7.6% and the debt to equity ratio for public retail firm is 25%. the tax rate is 40% for all firms. estimate the value of C enterprises in a private transaction(where the buyer will be completely undiversified), if 40% of the risk in a retail firm comes from the market. (the risk-free rate is 3% and the equity risk premium is 5%).

A 100

B 150

C 200

D 238

E 250