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Gupta Corporation is undergoing a restructuring, and its free cash flows are expected to vary considerably during the next few years. However, the FCF is expected to be $60.00 million in Year 5 , and the FCF growth rate is expected to be a constant 6.5% beyond that point. The weighted average cost of capital is 10.5\%. What is the horizon (or continuing) value (in millions) at t=5 ? a. 5983 mition b. 51,500 million c 51,408 milion d. $1,658 milion e.51,598 mision Based on the corporate valuation model, Gray Entertainment's total corporate value is \$1,0oo million. The company's balance sheet shows $100 million of notes payable, $220 million of long-term debt, $50 million of preferred stock, $180 million of retained earnings, and $800 million of total common equity, If the company has 25 million shares of stock outstanding, what is the best estimate of its price per share? a 529.20 b. $27.20 c. $20.00 d. $18.00 e. $2520 Kale Inc. forecasts the free cash flows (in millions) shown below. Assume the firm has zero non-operating assets. If the weighted average cast of capital is 11. os and FCF is expected to grow at a rate of 5.0% after Year 2, then what is the firm's total corporate value (in millions)? Do not round intermediate calculations. 2. 51,806 milion b, 51,740 million c $2,005 milition d. 51,911 million e. $2.275 million