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1 Vit Corporate valuation Excel Online Structured Activity: Corporate valuation Dantzler Corporation is a fast-growing supplier of office products. Analysts project the following free cash

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1 Vit Corporate valuation Excel Online Structured Activity: Corporate valuation Dantzler Corporation is a fast-growing supplier of office products. Analysts project the following free cash flows (FCFS) during the next 3 years, after which FCF is expected to grow at a constant 5% rate. Dantzler's WACC is 15%. 0 2 Year FCF (S millions) $23 $31 $53 The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the questions below Open spreadsheet a. What is Dantzler's horizon, or continuing, value? (Hint: Find the value of all free cash flows beyond Year 3 discounted back to Year 3.) Round your answer to two decimal places. Enter your answer in millions. For example, an answer of $13,550,000 should be entered as 13.55 million b. What is the firm's value today? Round your answer to two decimal places. Enter your answer in millions. For example, an answer of $13,550,000 should be entered as 13.55. Do not round your intermediate calculations $ million c. Suppose Dantzler has $125 million of debt and 8 million shares of stock outstanding. What is your estimate of the current price per share? Round your answer to two decimal places. Write out your answer completely. For example, 0.00025 million should be entered as 250 Check My Work template - Saved Insert Formulas Data Review View 2 Help Tell me what you want to do Arial Currency 10 AA BI U DabaA 2 Wrap Text Merge & Center IMI $ % 98 99 Cond Format 3 Format Painter Clipboard Font Alignment Number B D E A s/shares in millions 2 3 nstant growth rate, 9 arket value of debt ommon shares outstanding $23.00 $31.00 $53.00 5.00% 15.00% $125.00 8 0 1 -$23.00 2 $31.00 3 $53.00 FCFS Horizon value Total FCFS PV of FCFs to investors 0 1 -$23.00 2 $31.00 Firm value today 0 21 Market value of equity, MV Equity 22 Price per share, Po 23 24 Formulas 25 26 FCFS 27 Horizon van 28 Total FCF 29 30 PV of FCFs to investors 31 Firm value today 33 34 Market value of equity. MV 35 Price per share, Po 3 $5300 NA NA ANIA ANA ANIA WNA NA NNIA WNIA WNIA Sheeti 1 Vit Corporate valuation Excel Online Structured Activity: Corporate valuation Dantzler Corporation is a fast-growing supplier of office products. Analysts project the following free cash flows (FCFS) during the next 3 years, after which FCF is expected to grow at a constant 5% rate. Dantzler's WACC is 15%. 0 2 Year FCF (S millions) $23 $31 $53 The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the questions below Open spreadsheet a. What is Dantzler's horizon, or continuing, value? (Hint: Find the value of all free cash flows beyond Year 3 discounted back to Year 3.) Round your answer to two decimal places. Enter your answer in millions. For example, an answer of $13,550,000 should be entered as 13.55 million b. What is the firm's value today? Round your answer to two decimal places. Enter your answer in millions. For example, an answer of $13,550,000 should be entered as 13.55. Do not round your intermediate calculations $ million c. Suppose Dantzler has $125 million of debt and 8 million shares of stock outstanding. What is your estimate of the current price per share? Round your answer to two decimal places. Write out your answer completely. For example, 0.00025 million should be entered as 250 Check My Work template - Saved Insert Formulas Data Review View 2 Help Tell me what you want to do Arial Currency 10 AA BI U DabaA 2 Wrap Text Merge & Center IMI $ % 98 99 Cond Format 3 Format Painter Clipboard Font Alignment Number B D E A s/shares in millions 2 3 nstant growth rate, 9 arket value of debt ommon shares outstanding $23.00 $31.00 $53.00 5.00% 15.00% $125.00 8 0 1 -$23.00 2 $31.00 3 $53.00 FCFS Horizon value Total FCFS PV of FCFs to investors 0 1 -$23.00 2 $31.00 Firm value today 0 21 Market value of equity, MV Equity 22 Price per share, Po 23 24 Formulas 25 26 FCFS 27 Horizon van 28 Total FCF 29 30 PV of FCFs to investors 31 Firm value today 33 34 Market value of equity. MV 35 Price per share, Po 3 $5300 NA NA ANIA ANA ANIA WNA NA NNIA WNIA WNIA Sheeti

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