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Year Free Cash How 1 $12 million $18 million 3 $22 million $26 million Conundrum Mining is expected to generate the above free cash flows

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Year Free Cash How 1 $12 million $18 million 3 $22 million $26 million Conundrum Mining is expected to generate the above free cash flows over the next four years, after which they are expected to grow at a rate of 6% per year. If the weighted average cost of capital is 12% and Conundrum has cash of $80 million, debt of $60 million, and 30 million shares outstanding, what is Conundrum's expected terminal enterprise value at year 4? O $413.4 million O $459.3 million $505.3 million O $528.2 million

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