Kit mcq

Piko co anticipates that after making number of changes Minnow co will generate free cash flow of $6m next year. This is expected to grow by 4% per year. WACC is 12% and Ke is 15%

Calculate market value of equity of Minnow co using DCF

Sir the formula for free cash flow method is:

Business value = FCF (1+g) divided by (WACC – g)

So here it should be done in this way na

6(1+0.04) / (12%-4%) = 78

But the correct answer is coming 72.5. Can you please explain me this