Question 3 5 points Save Anwer Flowers Company reported net income of 550 million for last year. Depreciation expense totaled $18 milion and capital expenditures came to $8 milion Free cash flow is expected to grow at a rate of 6% for the foreseeable future. Beach faces a 25% tax rate and has a 0.50 debt to equity ratio with $200 milion market value in debt outstanding Beach's equity beta 1.25, the risk-free rate is currently 4.5% and the market risk premium is estimated to be 8%. What is the current total value of Beach & Company in millions $1019.32 $945.18 $1,044,95 $855.80 $1,101.73 Question 3 5 points Save Anwer Flowers Company reported net income of 550 million for last year. Depreciation expense totaled $18 milion and capital expenditures came to $8 milion Free cash flow is expected to grow at a rate of 6% for the foreseeable future. Beach faces a 25% tax rate and has a 0.50 debt to equity ratio with $200 milion market value in debt outstanding Beach's equity beta 1.25, the risk-free rate is currently 4.5% and the market risk premium is estimated to be 8%. What is the current total value of Beach & Company in millions $1019.32 $945.18 $1,044,95 $855.80 $1,101.73