offering, managers at Ignating an investment banker to assist in making the public common stock value. The firm's CFO ided to make their orn estimate of the firm's flow valuation model.

The firm's weighted average cost of capital is $12\%,$ and it has $$1,500,000$ of debt at market value and $$550,000$ of preferred stock at its assumed market value. The estimated free cash flows over the next $5$ year, $2024$ through $2028,$ are given below. Beyond $2028$ to infinity, the firm expects its free cash flow to grow by $3\%$ annually.

$\backslash$table$[[$Year$,$FCF$],[2024,$$$250,000$