Question: Assume the following free cash flows for Elle Inc. for Year 7 and forecasted FCFF for Year 8 onward ( in millions ) :

Assume the following free cash flows for Elle Inc. for Year 7 and forecasted FCFF for Year 8 onward (in millions):
\table[[($ millions),Current Year 7,Forecast Horizon,Terminal Year],[Year 8,Year 9,0,Year 11],[Free cash flows to the firm (FCFF),$5,594,$5,874,$6,168,$6,476,$6,800,$6,936]]
The DCF value of the firm using the FCFF information above, a discount rate of 6%, and an expected terminal growth rate of 2%, is:
Select one:
a. $159,204 million
b. None of these are correct
c. $168,756 million
d. $113,421 million
e. $151,429 million
Assume the following free cash flows for Elle

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