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The following table presents forecasted financial and other information for ABD Corp. The table shows end of year numbers (in millions). ABD's value of debt

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The following table presents forecasted financial and other information for ABD Corp. The table shows end of year numbers (in millions). ABD's value of debt is $55 million, and its WACC is 10%. Year 1 Year 2 Year 3 Free cash flow $ 12 $ 18 $ 24 What is an appropriate estimate of ABD's value of equity using the no- growth perpetuity for terminal value estimate, assuming a constant free cash flow of 30 million starting from year 4? $ 208.8 million O $ 226.8 million O $ 214.2 million O $ 221.2 million

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