What is the approximate present value of a company with the following stream of

free cash flows $($FCFs$).$ The weighted average of cost of capital $($WACC$)$ is $8\%$ and the

company will not change its capital structure. The FCFs are:

Year $1=$$$8$ million

The cash flow from Year $1$ is expected to grow by $10\%$ in each of Years $2$ and Year

After that, the cash flow is expected to grow at $5\%$ forever.

a$)$ $$310$ million

b$)$ $$290$ million

c$)$ $$280$ million

d$)$ $$270$ million