Present Value of Free Cash Flows for ABC Corporation

ABC Corporation is a publicly traded company that has consistently generated strong profits. The company's management projects the following free cash flows for the next five years:

- Year 1: $10 million

- Year 2: $12 million

- Year 3: $14 million

- Year 4: $16 million

- Year 5: $18 million

After Year 5, the company expects its free cash flow to grow at a perpetual growth rate of 4%. If the applicable discount rate is 10%, what is the present value of the company's free cash flows for the first five years?