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Kedia Inc. forecasts a negative free cash flow for the coming year, FCF 1 = -$10 million, but it expects positive numbers thereafter, with FCF

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 firms total corporate value, in millions? Do not round intermediate calculations.

$406.18

$368.42

$426.49

$350.00

$386.84

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