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10. Problem 9.15 (Corporate Valuation) ebook Dantzier Corporation is a fast-growing supplier of office products. Analysts project the following free cash flows (FCPs) during the

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10. Problem 9.15 (Corporate Valuation) ebook Dantzier Corporation is a fast-growing supplier of office products. Analysts project the following free cash flows (FCPs) during the next 3 years, after which is expected to grow at a constant 4% rate. Dantzer's WACC IS 15% Year 0 1 2 FCF (S millions) $25 528 $54 a. What is Dantzler's horzon, or continuing, value? (Hint: Find the value of all free cash flows beyond Year 3 discounted back to Year 3.) Enter your answer in millions. For example, an answer of $13,550,000 should be entered as 13.55. Do not round intermediate calculations. Round your answer to two decimal places million b. What is the firm's market value today? Assume that Dantzler has zero non operating assets. Enter your answer in millions. For example, an answer of $13,550,000 should be entered as 13.55. Do not round intermediate calculations. Round your answer to two decimal places. million $ c. Suppose Dantzler has $30 million of debt and 31 million shares of stock outstanding. What is your estimate of the current price per stare? Write out your answer completely. For example, 0.00025 milion should be entered as 250. Do not round intermediate calculations. Round your answer to the nearest cent. $

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