You are valuing ViraFlow, a small manufacturing company, which reported paying taxes of 25 million

on taxable income of 100 million and reinvesting 30 million (net) in the most recent year. The firm

has no debt outstanding and the cash is negligible. The cost of capital is 11%. Assuming that the

firms earnings and reinvestment are expected to grow 10% a year for three years and 5% a year

forever after that, estimate the value of this firm.