The Company has a historical growth in its free cash flows of 3% with little variability. With the addition of a new plant and equipment, however, you expect free cash flows will grow 7% in Year 1, 5% in Year 2, and 4% thereafter. The firm's last free cash flow was $100,000. The firm has a required rate of return of 10%. What is the expected value of the firm's operations?

$1,596,933

$1,799,545

$1,653,234

$2,166,750

None of these are correct