The table below shows the projected free cash flows of an acquisition target. The discount rate to value the target is 9% discount rate. The acquiring company expects the terminal period to begin at the end 2025 with a perpetual growth rate of 3% from that point on. The Present Value of $1 Table (Table 3) tells us: Terminal Value using perpetual growth equation: The Present Value of $1 Table (Table 3) tells us: Terminal Value using perpetual growth equation: FCFT1 Kwg Question: Based on the information above and using the terminal value with perpetual growth formula, what is the value of this target company as of 12/31/21 ? Hint: You need to figure out the present value of the free cash flows from 2021 through 2025 as of the end of 2021( Year 0 ) and add it to the terminal value at the end of 2025 discounted to the end of 2021