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3. Analysts project the following free cash flows (FCFS) during the next 3 years, after which FCF is expected to grow at a constant 7

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3. Analysts project the following free cash flows (FCFS) during the next 3 years, after which FCF is expected to grow at a constant 7 percent rate. Dozier's WACC is 13 percent. Year 1 Year 2 -$20,000 $30,000 $40,000 Year 3 a. What is the firm's value today? (4) b. Suppose Dozier has $100 million of debt and 10 million shares of stock outstanding. What is your estimate of the price per share? (2)

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