Listed below are yearly forecasts of free cash flow (operating cash flow plus investment-related cash flow) for Bomkat LLC. Year Cash Flow 2018 -$2.0 million. 2019 -$1.2 million. 2020 -$0.4 million. 2021 $0.2 million. 2022 $0.7 million. 2023 $1.1 million. After year 2023, cash flows are anticipated to grow by 2% per year, in perpetuity. For simplicity, assume all that cash flows occur at the end of each year. Assume a discount rate of 8% per year.

(a) What is the value as of the end of 2023 of all Bomkats cash flows to be received after 2023?

(b) What is the value of Bomkat LLC as of the end of 2017?