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Venice Surf Co. expects to generate free cash flows of $2,773 million in 2015, $3,659 million in 2016, and $4,247 million in 2017. Free cash flows after 2017 are expected to grow indefinitely at an annual rate of 4%. Assuming a discount rate of 15%, what would be the terminal or horizon value of the cash flows occurring after 2017? That is, what would be the present value of all free cash flows (in $ million) occurring after 2017 as of the beginning of 2017? Present your answer to two decimal places (e.g., $20.00)

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