wing free cash flows for Elle Inc. for Year 6 and forecasted FCFF for Year 7 onwa...

Assume the following free cash flows for Elle Inc. for Year 6 and forecasted FCFF for Year 7 onward (in millions):

	Current	Forecast Horizon				Terminal Year
($millions)	Year 7	Year 8	Year 9	Year 10	Year 11
Free cash flows to the firm (FCFF)	$4,973	$5,222	$5,482	$5,757	$6,045	$6,166

The DCF value of the firm using the FCFF information above, a discount rate of 6%, and an expected terminal growth rate of 2%, is:

		$150,020 million
		$141,529 million
		$134,617 million
		$100,828 million
		None of these are correct.