Chubb Corporation is expected to generate free cash flows according to the following schedule: $1 in year 1, $1.2 in year 2, $1.5 in year 3. Afterwards, FCF's will grow at a constant growth rate of 4.5% per year. What is the fair estimate of Chubb's current enterprise value? The company's cost of equity is 12%, cost of debt 5%, and WACC 10.5%. Tax rate is 30%. All figures are in $M.