Valuation using Free Cash Flows (FCF)

Do the Valuation using Free Cash Flows (FCF). The following free cash flows (in $ Million) are projected for the next five years. The free cash flows are expected to grow at a stable rate of 7% for every year after year 5. The opportunity cost of capital is 10%. Calculate the current value of the firm using the constant growth model after year 5. As a first step calculate the terminal value of the firm at the end of year 5. Year                              Year 1     Year 2     Year 3     Year 4     Year 5 Free Cash Flow             5              12            24           44             69