Use the corporate valuation model to find the intrinsic value of

a firm with a long$-$run growth in FCF of $5\mathrm{.}2\%$ and a WACC of $8\mathrm{.}7\%.$

The firm has $$15$ million in debt and preferred stock and has $4$

million shares of common stock. The FCF for the first $4$ years are

$($in millions of dollars$)$: $-$$$10,$ $$2,$ $$9,$ $$17.$$$32\mathrm{.}42$$$40\mathrm{.}13$$$47\mathrm{.}89$$$90\mathrm{.}67$