The following table presents forecasted financial and other information for Scott's Miracle-Gro Co.:

What is an appropriate estimate of Scott's terminal value as of the end of 2014, using a warranted multiple of free cash flow as your estimate?

		$155 million
		$2,898.5 million
		$3,007.0 million
		$4,365.0 million
		$7,042.2 million
		None of the above.

2012 2013 2014 Projected EBIT $317 $339 $363 Earnings after tax $197 $210 $225 Free cash flow $135 $144 $155 Scott's WACC-8.2% Expected growth rate in FCFs from 2014 into the indefinite future-4% Warranted MV firm FCF in 2014 19.4 Warranted P/E in 2014 18.7