Rentech Ltd company a biotech company, is expected to grow rapidly in the next three years and then have a level growth rate for the foreseeable future. The company expects free cash flows of $313.0 million, $533.2 million, and $756.4 million over the next three years, and thereafter its cash flows will grow at a steady rate of 5 percent per annum. The company has no non-operating assets (NOA). If the appropriate WACC is 11.98 percent, what is the enterprise value of this business? Round the answer to two decimals. Please enter the answer in millions with two decimals.
