Kedia Inc. forecasts a negative free cash flow for the coming year, FCF₁ = -$10 million, but it expects positive numbers thereafter, with FCF₂ = $43 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.

$368.42

b.

$386.84

c.

$406.18

d.

$350.00

e.

$426.49