The Following Table Presents Forecasted Financial and Other Information for Havasham

Multiple Choice

The following table presents forecasted financial and other information for Havasham Industries:
What is an appropriate estimate of Havasham's terminal value as of the end of 2014,using a warranted price-to-earnings multiple as your estimate?
$$\begin{array} { l r r r } & 2012 & 2013 & 2014 \\\hline \text { Projected EBIT } & \$ 317 & \$ 339 & \$ 363 \\\text { Earnings after tax } & 197 & 210 & 225 \\\text { Free cash flow } & 135 & 144 & 155 \\& & & \\\text { Havasham's WACC } & 8.2 \% & & \\\text { Expected growth rate in FCFs after 2014 } & 4.0 \% & & \\\text { Warranted MV firm } / \text { FCF in } 2014 & 19.4 & & \\\text { Warranted P/E in } 2014 & 18.7 & & \\\hline\end{array}$$

A) $225 million
B) $3,833.0 million
C) $4,207.5 million
D) $4,365.0 million
E) $6,788.1 million