Creative Inc. had sales of $10 billion in 2020. Suppose you expected its sales to grow at a rate of 10% in 2021, but then slow by 1% per year to the long-run growth rate that is characteristic of the electronic goods industry-5%-by 2026. Based on Creative's past profitability and investment needs, you expected EBIT to be 10% of sales, increases in net working capital requirements to be 10% of any increase in sales, and capital expenditures to equal depreciation expenses. If Creative had $1 billion in cash, $2 billion in debt, 1 billion shares outstanding, a tax rate of 20%, and a weighted average cost of capital of 10%, what would have been your estimate of the terminal value of the firm in 2026? Use the FCFF model of stock valuation. Select one: a. $30.46 billion b. $28.35 billion c. $22.75 billion d. $24.37 billion