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Horizon Value of Free Cash Flows JenBritt Incorporated had a free cash flow (FCF) of $98 million in 2023. The firm projects FCF of $255

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Horizon Value of Free Cash Flows JenBritt Incorporated had a free cash flow (FCF) of $98 million in 2023. The firm projects FCF of $255 million in 2024 and $510 million in 2025. FCF is expected to grow at a constant rate of 6% in 2026 and thereafter. The weighted average cost. of capital is 8%. What is the current (i.e., beginning of 2024) value of operations? Do not round intermediate calculations. Enter your answer in millions. For example, an answer of $1 million should be entered as 1, not 1,000,000. Round your answer to two decimal places. million

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