Question 8 (1 point) Your private equity firm has identified a turnaround opportunity. It is projected to generate FCFF to the firm of $21 million at the end of year 1, $33 million at the end of year 2, and $50 million at the end of year 3, after which FCFF is expected to grow at 3% per year forever after. What is the value of the firm if the appropriate discount rate is 9% per year? a) $65 million b) $748 million Oc) $425 million d) $398 million