Answer the following question: The firm is expected to have after-tax operating earnings of $320 million in year 6 and t

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Answer the following question:
The firm is expected to have after-tax operating earnings of
$320 million in year 6 and these earnings are expected to grow
2.5% a year in perpetuity. The firm is also expected to have a
return on capital of 8% and a cost of capital of 5% in perpetuity.
Estimate the terminal value of the firm at the end of year 5 in
million dollars.