During the projection period of 3 years, the company that you are valuing has the following free cash flows to the firm (FCFF): FCFF1= 600,000, FCFF2=-100,000, and FCFF3=600,000. Assume a WACC of 18% and a stable growth rate of 3%.

a) Calculate the terminal value.

b) Calculate the (implied) enterprise value.

Clearly label your findings (e.g., enterprise value = ..) and designate which part of the question you are answering such a, b, c (if there are multiple parts). Show your work by typing it in Canvas. Answers (whether correct or incorrect) without work shown will receive zero points. Simply typing your work will suffice. (e.g., x = y + 2z). No need to use mathematical functions in Canvas.