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Barnette Inc.'s free cash flows are expected to be unstable during the next few years...

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Finance

Barnette Inc.'s free cash flows are expected to be unstable during the next few years while the company undergoes restructuring. However, FCF is expected to be $33.78 million in Year 5, i.e., FCF at t = 5 equals $33.78 million, and the FCF growth rate is expected to be constant at 3.66% beyond that point. If the weighted average cost of capital is 10%, what is the horizon value (in millions) at t = 5? (Hint : The answer for my version is 578.45 - This is the format)

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