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OFC's free cash flows are expected to be $300 million next year and $425 million two years from now.After that, free cash flows are expected

OFC's free cash flows are expected to be $300 million next year and $425 million two years from now.After that, free cash flows are expected to grow at a constant rate of 3% per year forever.OFC's WACC is 11%, its cost of equity is 14% and its cost of debt is 9.5%.They have $200 million of debt and $25 million in cash on their balance sheet.Use a discounted cash flow model to find OFC's current equity value (rounded to the nearest million dollars).

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