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Horizon Value of Free Cash Flows

JenBritt Incorporated had a free cash flow $($FCF$)$ of $$82$ million in $2019.$ The firm projects FCF of $$260$ million in $2020$ and $$580$ million in $2021.$ FCF is expected to grow at a constant rate of $4\%$ in $2022$ and thereafter. The weighted average cost of capital is $10\%.$ What is the current $($i$.$e$.,$ beginning of $2020)$ value of operations? Do not round intermediate calculations. Enter your answer in millions. For example, an answer of $$1$ million should be entered as $1,$ not $1,000,000.$ Round your answer to two decimal places.

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