Question 18 Not yet answered Marked out of 2.00 Flag question You are using the value-based management model. Based on the following data, what is the horizon value at the end of year 5? Year 1: Revenue: 650 Fixed Costs: 90 Variable costs: 220 Additional investments in NWC: 3 Additional investments in operating long-term assets: 80 Depreciation: 75 Corporate tax rate: 0.40 WACC COMP: 0.12 (don't worry about WACC for operating assets) Growth rate per year. From year 1 through year 5: 0.08 After year 5: 0.06 Select one: O a. $3,766.90 O b. $3,532.76 O c. $3,629.33 O d. $3,414.04