Kedia Inc. forecasts a negative free cash flow for the coming year, FCF₁ = -$8 million, but it expects positive numbers thereafter, with FCF₂ = $44 million. After Year 2, FCF is expected to grow at a constant rate of 4% forever. Assume the firm has zero non-operating assets. If the weighted average cost of capital is 14.0%, what is the firm's total corporate value, in millions? Do not round intermediate calculations.

a. $378.95 million

b. $291.59 million

c. $365.40 million

d. $457.60 million

e. $352.38 million