Man Corporation is considering purchasing Belagio Corp., a manufacturer of abacuses. The typical abacus company trades at a price-to-cash-flow of 12. Man estimates the following cash flows for the next five years from Belagio:

Year 1	$ 1 million
2	1.5 million
3	2 million
4	2.5 million
5	3 million

Man also estimates that cash flow from Belagio will be constant from the fifth year into the future. Using the market multiple method, estimate the terminal value of Belagio as of Year 5. Round your answer to the nearest million.

A. $12 million

B. $3 million

C. $24 million

D. $30 million

E. None of the above