Use the Table for the Question(s)below

question 4

Multiple Choice

Use the table for the question(s) below.

-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 5% per year.If the weighted average cost of capital is 12% 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)$371.4 million
• B)$390.0 million
• C)$410.0 million
• D)$391.4 million
• E)$403.6 million

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