Ryan Enterprises Forecasts the Free Cash Flows (In Millions) Shown

Multiple Choice

Ryan Enterprises forecasts the free cash flows (in millions) shown below. The weighted average cost of capital is 13.0%, and the FCFs are expected to continue growing at a 5.0% rate after Year 3. What is the firm's total corporate value, in millions?

A) $314.51
B) $331.06
C) $348.48
D) $366.82
E) $386.13