Kendra Enterprises has never paid a dividend. Free cash flow is projected to be $$80,000$ and $$100,000$ for the next $2$ years, respectively; after the second year, FCF is expected to grow at a constant rate of $8\%.$ The company's weighted average cost of capital is $12\%.$

a$.$ What is the terminal, or horizon, value of operations? $($Hint: Find the value of all free cash flows beyond Year $2$ discounted back to Year $2.)$ Round your answer to the nearest cent.

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b$.$ Calculate the value of Kendra's operations. Do not round intermediate calculations. Round your answer to the nearest cent.

$ Due in $15$ mins