Gupta Corporation is undergoing a restructuring, and its free cash flows are expected to vary considerably during the next few years. However, the FCF is expected to be $45.00 million in Year 5 , and the FCF growth rate is expected to be a constant 6.5% beyond that point. The weighted average cost of capital is 13.5%. What is the horizon (or continuing) value (in millions) at t=5 ? a. $730 million b. $604 million c. $737 million d. $685 million e. $643 million