Akyol Company is undergoing a restructuring, and its free cash flows are expected to be unstable during next some years. However, FCF is expected to be $50 million in Year five, i.e., FCF at t = 5 equals $50 million, and the FCF growth rate is expected to be constant at 6% beyond that point. If the weighted average cost of capital is 12 percent, what is the horizon value (in millions) at t = 5?
A. $719
B. $757
C. $797
D. $839
E. $883