Horan Industries last year produced free cash flow of 200 million. You forecast that they can grow that free cash flow at 25% per year for the next 2 years, then 10% for years 3 and 4, then at 3% for all periods starting in year 5. The company has cash of $200 million and has no debt. The Beta of their stock is 1.1, the risk free rate is 2.5% and the market risk premium is 6%. using a FCF model, what is the value of the shares today? Their shares outstanding is 50 million