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The free cash flows (in millions) shown below are forecast by Bailey Brothers. If the weighted average cost of capital is 11%, and FCF is

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The free cash flows (in millions) shown below are forecast by Bailey Brothers. If the weighted average cost of capital is 11%, and FCF is expected to grow at a constant rate of 5% after Year 3 (i.e.. Year 4 to infinity) then what is the approximate Value of Operations (Year O), in millions? Year: 1 0 2 3 4. Free cash flow: $2246 $3529 $4338 $5447 $5886

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