You have estimated that the cash flows to equity $($CFE$)$ for a company are projected to be $$95$ million, $$115$ million and $$145$ million over the next three years $($your projected period$).$ You estimate that the terminal equity value will be $$1\mathrm{.}48$ billion at the end of the projected period. The company$$s cost of equity capital is $13\mathrm{.}6\%,$ and the cost of debt capital is $5\mathrm{.}8\%.$ The target D$/$E ratio for this company is $0\mathrm{.}70,$ and the marginal tax rate is $26\%.$ The company currently has $$145$ million of debt and $$8$ million of excess cash. Given the information above, what

is the estimated enterprise value of the firm? Assume that the projected years$$ cash flows arrive in the middle of the

year $($mid$-$year convention