The free cash flows (in millions) shown below are forecast by Simmons Inc. If the weighted average cost of capital is 12% and the free cash flows are expected to continue growing at the same rate after Year 3 as from Year 2 to Year 3, what is the Year 0 value of operations, in millions?

Year:	1	2	3
Free cash flow:	$20	$44	$47

Answers:	a. $617
	b. $740
	c. $714
	d. $586
	e. $680