Skeets Mfg Inc forecasts the following financial information for the next 3 years (in millions):
Year 1 Year 2 Year 3
Revenues $25,200 $27,540 $32,300
Operating Expenses $13,650 $13,848 $14,200
Depreciation $6,573 $5,580 $6,750
EBIT $4,977 $8,112 $11,350
Interest Expenses $1,170 $1,572 $1,325
Taxes $1,332 $2,289 $3,509
Net Income $2,475 $4,251 $6,516
Increase in NWC $165 $420 $735
The firm estimates capital expenditures of $1,200 million in year1, $750 million in year 2 and $1,550 million in year 3. Determine the value of the firm today if we assume that the free cash flows will grow at 3% per year indefinitely after year 3 and the firm has a weighted average cost of capital of 14%?