Universal Air forecasts growth of $8\%$ for the next six years and $4\%$ thereafter. Given last year's free cash flow was $$10$ million, what is its horizon value if the company's cost of capital is $12\%?$ Following the textbook assumption, we have the horizon time defined as the year prior to settling down to the long run trend. Thus the horizon time is year $5.$

Continued from the above, what is the value of Universal Air company?

Question $12$ options:

$$149\mathrm{.}51$ million

$$318\mathrm{.}48$ million

$$121\mathrm{.}01$ million

$$200\mathrm{.}00$ million