A corporation has a weighted avg cost of capital of 10.25% and its value of operation is $57.50 million. Free cash flow is expected to grow at a constant rate at 6.00% per year. What is the expected year-end free cash flow, FCF, in millions? PLEASE SHOW WORK/STEPS
A. $2.20
B. $2.44
C. $2.69
D. $2.96
E. $3.45