R ? D. as a Industries invests a large sum of man in In other words it retains and reinuests allof its earrings. divid ends werds Brand+ly does not wout to pay any the near future. A major pension furd is interested in purchasing Branatly's stook. The pensianfund manager has estimated Brandtly's free cash flows for the next 4 years as follows: $2 million, $5 million, $10 million an $15 million. Aftter the fourthyear, free cash flaw is projected to grow at a coustat 7%, BrandAlu's WACC is 11% the marketralue of its debt and preferred stock totals $50 millian the firm tras $13 millian in mon-operating assets and 7 millian shares of comman Stock ollstady What is the firm's horizon or continuing value= Ansuer