Juicers Inc. is thinking of acquiring Fast Fruit Company. Fast Fruit currently has no debt outstanding. Juicers expects Fast Fruit's FCF to be $9 million in the first year, and $15 million in the second year. After the second year, the free cash flows will grow at a constant rate of 4%. Fast Fruit's cost of equity is 9%. What is the value of Fast Fruit?

$196.3 million

$283.5 million

$235.5 million

$215.9 million