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Frosty Corporation generated free cash flow of $ 6 0 million this year. For the next two years, the company's free cash flow is expected

Frosty Corporation generated free cash flow of $60 million this year. For the next two years, the company's free cash flow is expected to grow at a rate of 6.5%. After that time, the company's free cash flow is expected to level off to the industry long-term growth rate of 3% per year. If the weighted average cost of capital is 12%, what is the present value today of the terminal enterprise value for Frosty Corporation?

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