QUESTION 24 Brandty industrins inyests a large sum of money in RAD; as a resuct, a retains ard reivests at of ins earning: In other werch. Bvandey does not pay any dividends. and at has no plans to pay dividends in the nnar fiture. A major pansion fund is interested in purchasing Arandty's stock. The penaion fund manager has esilmaled Brandty's tree cash fows for the naxt 4 years as follows. 52 million, 15 maich, 310 mifich, ard 515 milian. Afier the fourth year, free cash flow in projected to grew at a constant 7%. of corriman stock outstanding. What is the present vafue of the free cash flows projected during the next 4 years? Do not round intermediate caiculations. Round you answer to the nearest sollar. Write out your ariswers completaly. For example, 13 million should be entered as 13. 000.000. De not out in $ sign in your