Reach & Company reported net income of $30 million for last year. Depreciation expense totaled $24 million and capital expenditures came to $12 million. Free cash flow is expected to grow at a rate of 7% for the foreseeable future. Reach faces a 21% tax rate and has a 0.30 debt to equity ratio with $150 million (market value) in debt outstanding. Reach's equity beta is 1.21, the risk-free rate is currently 2.5% and the market risk premium is estimated to be 8.0%. A) What is the required rate of return for Reach using the CAPM? B) What are the Free Cash Flows (FCF) for next year? C) What is the current total value of Reach & Company (in millions)