In the 2017 fiscal year ending July 28, Cracker Barrel's (CBRL's) free cash flow was $185.1 million. The CFO of CBRL, Jill Golder, told MBA students that CBRL's WACC is 9%. Assume today is July 28, 2015. What is the value to CBRL of the $185.1 million coming in 2017?

Type the present value formula in the space provided below.

List computations in the space provided below.

List ANSWER then type your answer in the space provided below.

Explain your answer to an executive in 2015 who a

sks why your answer is not the same as $185 million