1. Young \& Liu Inc.'s free cash flow during the just-ended year (t=0) was $800, and FCF is expected to grow at a constant rate of 6% in the future. If the weighted average cost of capital is 15%, what is the firm's value of operations? 2. The projected cash flow for the next year for Minesuah Inc. is $20,000, and FCF is expected to grow at a constant rate of 5%. If the company's weighted average cost of capital is 11%, what is the value of its operations? 3. Barnette Inc.'s free cash flows are expected to be unstable during the next few years while the company undergoes restructuring. However, FCF is expected to be $45 in Year 5 , i.e., FCF at t=5 equals $45, and the FCF growth rate is expected to be constant at 6% beyond that point. If the weighted average cost of capital is 12%, what is the horizon value at t=5