You estimate that the free cash flows of a firm will be $2million, $10million, $18million and $20million over the next four years.You estimate (properly) that the cash flows will grow at 4% thereafter (and you are comfortable with the steady-state year free cash flow).You have calculated the cost of equity capital = 15.5% and the pre-tax cost of debt capital = 7%.The average tax rate is 20%, and the marginal tax rate is 40%.The firm is currently operating with a D/E ratio of 1.0, and the target D/E ratio is 0.30.Calculate the value of the firm.

A)$178.45 millionB)$160.60 millionC)$247.04 million