= Company VL forecasts its free cash flow in the coming year, i.e., at t = 1, will be $11 million, at t = 2 will be $12 million and at t=3 will be $16 million. Assume it has a WACC of 8%, cost of equity of 14%, the horizon value, in millions at t = 3, equals to $239. What is the value of its operations, in millions, at t=0? Your answer should be accurate to two decimal places. For example, If your answer is 1.2850000, then it becomes 1.29; if your answer is 1.284999999, then it becomes 1.28