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You are trying to sell your company to bidders in an auction and need to know what it is worth. The company is projected to

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You are trying to sell your company to bidders in an auction and need to know what it is worth. The company is projected to generate FCFF to the firm of $12 million at the end of year 1, $42 million at the end of year 2, and $50 million at the end of year 3, after which FCFF is expected to grow at 4% per year forever after. What is the value of the firm if the appropriate discount rate is 11% per year? Select one: a. $425 million b. $65 million c. $398 million d. $625 million

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