A Company Forecasts the Free Cash Flows (In Millions) Shown

A company forecasts the free cash flows (in millions) shown below. The weighted average cost of capital is 13%, and the FCFs are expected to continue growing at a 5% rate after Year 3. Assuming that the ROIC is expected to remain constant in Year 3 and beyond, what is the Year 0 value of operations, in millions?

A) $315
B) $331
C) $348
D) $367
E) $386