MeWorks is a start company that is about to go public. You estimate that next year their free cash flow will be $10 million and will increase by 25% per year through year 5. After that their free cash flow will grow at 5% per year forever until the end of time. (Which, for purposes of this problem assume to be in an infinite number of years. If MeWorks cost of capital is 15%, what is their enterprise value?

A. 82.07

B. 139.59

C. 51.73

D. 194.54

E. None of these other answers are correct

DO NOT COPY FROM CHEGG, DON'T SOLVE IN EXCEL.