Hectoritis Corp. currently has an FCF of $13 million. A reputable analyst estimates that this FCF... Hectoritis Corp. currently has an FCF of $13 million. A reputable analyst estimates that this FCF is anticipated to increase by 12% per year for the next 5 years. The analyst esti- mates that at the end of 5 years the companys terminal value will be based on the year-5 FCF and a long-term FCF growth rate of 4%. Suppose the Hectoritis ?= 1.5, the rf = 3%, the market risk premium E(rM )rf = 14%, and Hectoritis has 8 million shares outstanding. Assume all cash flows occur at year end. what is terminal value in year 5?