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 $3.$

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

Question $5$ options:

a$)$

$$290$ million

b$)$

$$280$ million

c$)$

$$270$ million

d$)$

$$310$ million