The estimated numbers of cash-flow elements on a small business for the next three years are prepared by a valuation consultant as follows. Also, at the end of the third year, this particular business will be bought by the government at the fixed price of $30 million (through contracts, signed and guaranteed by the government): year EBIT Depreciation Changes in net Net fixed Net fixed asset asset Beginning of the End of the year working year capital 1 10,000,000 500,000 100,000 15,000,000 17,000,000 2 9,000,000 500,000 200,000 17,000,000 18,000,000 3 8,000,000 500,000 300,000 18,000,000 18,500,000 Additional information: - The cost of capital for this company is given as 8.25%. - The risk-free rate in the economy is 4%. - The corporate tax rate is 28%. Required Calculate the company value using the 'discounted cash flows method