The image shows the calculations of a company's present value.

Suppose that someone has offered to buy the company in three years. The company has projected that free cash flows will increase annually by 3% for the next three years. What would be a reasonable amount for the potential buyer to pay for your selected company three years into the future?

\begin{tabular}{|c|c|c|c|c|} \hline Interest Rate & 5% & & & \\ \hline FCF - Years & & 2023 & 2022 & 2021 \\ \hline FCF in dollars* & & $5,728,000.00 & $5,604,000.00 & $6,991,000.00 \\ \hline PV & & $(5,455,238.10 & $(5,082,993.20 & $(6,039,088.65 \\ \hline Total Pv & & $(16,577,319.9 & & \\ \hline *In millions & & & & \\ \hline \end{tabular}