Beach & Company Reported Net Income of $40 Million for Last

Beach & Company reported net income of $40 million for last year.Depreciation expense totaled $18 million and capital expenditures came to $8 million.Free cash flow is expected to grow at a rate of 5% for the foreseeable future.Beach faces a 40% tax rate and has a 0.50 debt to equity ratio with $200 million (market value) in debt outstanding.Beach's equity beta is 1.25,the risk-free rate is currently 4.5% and the market risk premium is estimated to be 8%.What is the current total value of Beach & Company (in millions) ?

A) $655.90
B) $730.18
C) $840.95
D) $919.46
E) $1,025.95