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Consider a company that is projected to generate revenues of $340 million next year. Analysts expect revenues to grow at a 6.6% annual rate for

Consider a company that is projected to generate revenues of $340 million next year. Analysts expect revenues to grow at a 6.6% annual rate for the following two years (until the end of year 3) and then at a stable rate of 1.7% in perpetuity. If the company is expected to have a gross margin of 75%, operating margin of 42%, net margin of 25%, tax rate of 14.6%, and reinvestment rate of 41%, what is its expected free cash flows in four years from today? Answer in millions, rounded to one decimal place.

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