Misra Inc. forecasts a free cash flow of $25 million in Year 3, i.e., at t = 3, and it expects FCF to grow at a constant rate of 5.5% thereafter. If the weighted average cost of capital (WACC) is 9.5% and the cost of equity is 14.0%, then what is the horizon, or continuing, value in millions at t = 3? a. $659 million b. $480 million c. $592 million d. $625 million e. $684 million