During the next three years, Pluto Inc. is expected to have the following cash flows for EBIT, Depreciation, Taxes, the increase in net working capital, and capital spending. the company currently has $13 million in debt and 800,000 shares outstanding. after three years, the free cash flows are expected to grow at 3% forever. the company's WACC is 8.5% and the tax rate is 35%.

What is the value of Pluto Inc. using the free cash flows based on the numbers in the table (picture attached)?

Please be sure to show the annual free cash flows for the company.

EBIT Depreciation Taxes Capital spending Change in NWC Year 1 $3,392,500 $282,000 $1,187,375 $570,000 $115,500 Year 2 $3,901,375 $339,400 $1,365,481 $684,000 $127,050 Year 3 $4,486,581 $406,080 $1,570,303 $820,800 $139,755