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Horizon Value of Free Cash Flows JenBritt Incorporated had a free cash flow (FCF) of $84 million in 2021. The firm projects FCF of $225

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Horizon Value of Free Cash Flows JenBritt Incorporated had a free cash flow (FCF) of $84 million in 2021. The firm projects FCF of $225 million in 2022 and $560 million in 2023. FCF is expected to grow at a constant rate of 6% in 2024 and thereafter. The weighted average cost of capital is 8%. What is the current (i.e., beginning of 2022) 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

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