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Year Free Cash Flow 1 $22 million 2 $26 million 3 $29 million 4 5 $30 million $32 million General Industries is expected to generate

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Year Free Cash Flow 1 $22 million 2 $26 million 3 $29 million 4 5 $30 million $32 million General Industries is expected to generate the above free cash flows over the next five years, after which free cash flows are expected to grow at a rate of 3% per year. If the weighted average cost of capital is 8% and General Industries has cash of $10 million, debt of $40 million, and 80 million shares outstanding, what is General Industries' expected terminal enterprise value? $442.8 million $109.5 million $558.2 million $659.2 million $513.6 million

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