You are valuing ABC Corporation, a corporation that is going out of business in four years. Projected financial statements for the remaining life of ABC are given below Year Balance Sheet: Assets Liabilities Net worth Income Statements: Sales Variable cash expenses Fixed cash expenses Depreciation EBIT Interest expense EBT Taxes at 40% Net income before salvage After-tax salvage value Net income 0 3 4 250,000180,000 130,000100,0000 194,604157,010 116,281 72,072 0 55,396 22,990 13,719 27,928 0 220,000240,000260,000 280,000 60,000 70,000 80,000 90,000 10,000 10,000 10,000 10,000 70,000 50,000 30,000 100,000 80,000 110,000140,000 80,000 9,730 7,851 5,8143,604 70,270 102,149134,186 76,396 28,108 40,860 53,674 30,559 42,162 61,290 80,512 45,838 12,000 42,162 61,290 80,512 57,838 To assist with valuation, you also gathered the following information: Cost of equity-19% Before-tax cost of debt-5% weighted average cost of capital-11% . The value of the firm (company value) at time 0 calculated from the company's cash flow is closest to: A) 328,511 B) 389,207 C) 508,000