Flowers Company reported net income of $50 million for last year. Depreciation expense totaled $18 million and capital expenditures came to $8 million. Free cash flow is expected to grow at a rate of 6% for the foreseeable future. Beach faces a 25% tax rate and has a 0.50 debt to equity ratio with $200 million (market value) in debt outstanding. Beach's equity beta is 1.25, the risk-free rate is currently 4.5% and the market risk premium is estimated to be 8%. What is the current total value of Beach & Company (in millions)? $855.80 $1,101.73 $945.18 $1,044.95 $1019.32