For the next $5$ questions, you have been tasked with building a stand$-$alone DCF valuation for Graham Holdings $($GHC$),$ a publicly traded company, using the unlevered $($two$-$stage$)$ approach. Question: Using the data from the $$GHC Free Cashflow Data$$ workbook, calculate $2016$ unlevered free cash flows. Assume the tax rate $=2016$ tax expense $/$ pretax income. A$)241,530\mathrm{.}0$ B$)268,855\mathrm{.}0$ C$)270,976\mathrm{.}7$ D$)282,966\mathrm{.}0$ E$)333,379\mathrm{.}0$