11. Kedia Inc. forecasts a negative free cash flow for the coming year, FCF1 = $10 million, but it expects positive numbers after that, with FCF2 = $25 million. After Year 2, FCF is expected to grow at a constant rate of 4% forever. If the weighted average cost of capital is 14.0%, what is the firm's total corporate value in millions? [Reference: Mod 5, Valuation of Early Stage Companies DCF mini-lecture]

A. $200.00

B. $210.53

C. $221.05

D. $232.11 E. $243.71

12. Which of the following service(s) do underwriters provide to a firm? [Reference: Mod 5, Raising capital -IPOs mini-lecture] I. Underwriting (bearing risk) II. Due diligence III. Investing in the firm IV. Marketing

A. I only

B. I and II only

C. I, II and III only

D. I, II, and IV only