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Walnuts plc. expects free cash flows of 30 million at the end year 1, 46 million at the end of year 2 and 58 million

Walnuts plc. expects free cash flows of 30 million at the end year 1, 46 million at the end of year 2 and 58 million at the end of year 3. Following year 3, annual free cash flows are expected to grow at a constant rate of 4% forever. If the appropriate discounting rate for the riskiness of these cash flows is 10% per year, what is the firms current enterprise value, in millions?

A.

755.32 million

B.

1075.53 million

C.

864.19 million

D.

820.61 million

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