You are analyzing the firm Sethcom Co Ltd. The firm's fiscal year ended 30 September 2020, and you must estimate Sethcom Co Ltd's value as of 1 October. You have the following actual and forecast year-end free cash flows:

FCFF(2019) 86000 FCFF(2020) 78000 FCFF(2021) 78000 FCFF(2022) 78000 FCFF(2023) 78000

In addition, you have estimated that the terminal growth rate should be 3%, the PE is 25, the beta is 1.23, the cost of equity is 9%, the after tax cost of debt is 4%, the weight of debt is 60%, and the risk-free rate is 2%.

What is the estimated Free Cash Flow to the Firm (FCFF) value?

Select one:

a. none of these are correct

b. 2,687,611

c. 1,673,774

d. 1,337,441

e. 3,161,162