Horizon Value of Free Cash Flows JenBritt Incorporated had a free cash flow (FCF) of $94 milion in 2019. The firm projects FCF of $295 miltion in 2020 and $480 million in 2021 . FCF is expected to grow at a constant rate of 4% in 2022 and thereafter. The weighted average cost of capital is 10%. What is the current (l.e., beginning of 2020 ) value of operations? Do not round intermediate calculations. Enter your answer in millians. For example, an answer of $1 million should be entered as 1 , not 1,000,000. Round your answer to two decimal places. 5 million