If a growth company ABC in the Food and Beverage industry has free cash flow to firm of $3,525 for this year and the cash flows are projected to grow at 7.5% annual growth rate for 5 years as listed below. After that the firm is expected to grow at a steady growth rate of 3% per year. If the beta of the company now is 1.55, the risk free rate is 2.5%, the market risk premium is 8%, and the company has a debt ratio of 30%, total assets of $150,000 and a firm value of $365,000 with a cost of debt (1-t) of 6%. Assume that the beta of the stable growth firm in the same industry is 1.2 and the average debt ratio is 70% in the food and beverage industry. Impute the fair firm value of ABC company now. FCFF1 FCFF2 FCFF3 FCFF4 FCFF5 $3,789.37 $4,073.57 $4,379.09 $4,707.5 $5,060.59