Can you verify that I did this correctly? The question is:

Q1: Canton Corporation anticipates that it will earn firm FCFs of $4 million per year for each of the next five years. Beginning in year 6, the firm will earn FCF of $5 million per year for the indefinite future. If Canton's cost of capital is 12%, what is the value of the firm's future cash flows?

Year 1: $4M

Year 2: $4M

Year 3: $4M

Year 4: $4M

Year 5: $4M

Year 6: $5M

Cost of Capital = 12%

Terminal Value = $5M / .12 = $41,666,667

To come up with the "value"......I used NPV in Excel of =NPV(0.12,$4M,$4M,$4M,$4M,$4M,$41,666,667) = $35,528, 735

Can you double check that this is correct?