Based on the value$-$based management model, what is the horizon value given the following data?

Estimates free cash flows

Year $1$: $$10$

Year $2$: $$15$

Year $3$: $$31$

Free cash flow growth rate after year $3$:$5\%$

WACC for the firm:$10\%$

Market value:

Non$-$operating assets $($short$-$and long$-$term$)$:$$30$

Debt$($short$-$andlong$-$term$)$:$$150$

Common equity: number of shares: $5$

Select one:

a$.654\mathrm{.}22$

b$\mathrm{.}660\mathrm{.}32$

c$\mathrm{.}657\mathrm{.}09$

d$\mathrm{.}651\mathrm{.}00$