Use the following table and information to answer questions 26 and 27 The following table presents forecasted financial and other information for XTD Corporation. The table shows end of year numbers (in millions). XTDs WACC is 8%.

	Year 1	Year 2	Year 3
Net income	$65	$72	$80
Free cash flow	$40	$45	$50

27) What is an appropriate estimate of XTDs terminal value as of today, using perpetual-growth assuming a constant growth rate of 4% after year 3?

Group of answer choices

$ 1,241

$ 1,032

$ 948

$ 894