Firm C is considering the acquisition of Firm T. Firm C has estimated the cash flows, cost of capital, and growth rate for firm T shown below. Using these estimates, estimate the current value of firm T using the terminal value (aka horizon value) technique.

	Year 1	Year 2	Year 3	Year 4
CF	$2,130	$$2,420	$2,890	$3,21

WACC = 12%, g = 3% (assumed constant following year 4).

Hint: After calculating the terminal value at year 4, just combine that number with the year 4 CF and that will be CF4 for the calculator input. You can then use the cash flow worksheet on your financial calculator to solve, just assume that CF0 = $0.