A company has projected this information for the next three years.
Year1 Year 2 Year 3
Sales $541 million $643 million $678 million
Costs $251 million $301 million $321 million
Depreciation $100 million $100 million $100 million
EBIT $190 million $242 million $257 million
Taxes (34%) $64.6 million $82.3 million $87.4 million
CAPEX $79 million $83 million $87 million I
Increases in NWC $21 million $23 million $24 million
After Year 3, the company anticipates increasing free cash flows at a rate of 2% per year, indefinitely. The weighted average cost of capital is 11.5%.
What is the value of this firm?
Round your answer to two decimal places.