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Year 1 2 3 4 Free Cash Flow   ​$12 million ​$18 million ​$22 million ​$26 million...

Year 1 2 3 4 Free Cash Flow   ​$12 million ​$18 million ​$22 million ​$26 million Conundrum Mining is expected to generate the above free cash flows over the next four​ years, after which they are expected to grow at a rate of 3​% per year. If the weighted average cost of capital is 13​% and Conundrum has cash of​ $80 million, debt of​ $60 million, and 30 million shares​ outstanding, what is​ Conundrum's expected terminal enterprise​ value? A. $ 294.6 B. $ 308.0 C. $ 267.8 D. $241.0 million

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Terminal value = $ 267.8 (26*1.03)/(0.13-0.03)

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