John Naylor, CFA, has been asked to value SCSU Corporation by using FCFE model. John believes that

SCSU's FCFE will grow at $20\%$ for two years and $6\%$ thereafter. The current FCFE for SCSU is $$5$ million.

The cost of equity for SCSU is $9\%.$ How much is estimated equity value of SCSU?

a$)$ $$225\mathrm{.}69$ million

b$)$ $$240\mathrm{.}5$ million

c$)$ $$200$ million

d$)$ $$230$ million