What is an appropriate estimate of Havashams terminal value as of the end of 2017 using a warranted price-to-earnings multiple as your estimate?

2015 2016 2017 Projected EBIT $317 $ 339 Earnings after tax 197 135 8.2% 210 144 $363 225 155 Free cash flow Havasham's WACC Expeded growth rate in FCFs after 2017 4.0% Warranted MV firm/FCF in 2017 19.4 Warranted P/E in 2017 18.7 2015 2016 2017 Projected EBIT $317 $ 339 Earnings after tax 197 135 8.2% 210 144 $363 225 155 Free cash flow Havasham's WACC Expeded growth rate in FCFs after 2017 4.0% Warranted MV firm/FCF in 2017 19.4 Warranted P/E in 2017 18.7