hi guys i know how to solve this i just dont understand why in year 4 you discount year 4 cash flow and year 4 price with 1,1^3 when its year 4?

Question 15 You are valuing the data processing company KirsebergFact whose Free Cash-Flows are projected to evolve in accordance with the following table: Year 2 30 FCF (Millions SEK) 16 32 30 The weighted Average Cost of Capital is equal to 10% and the FCF's after year four are forecasted to grow at the industry average of 3.5%. Furthermore, the company has 200 million SEK in debt and excess cash equal to 5 million SEK. If its number of outstanding shares is equal to 35 million, what do you estimate the share price of the company to be closest to A. 6.15 B. 5.25