4. Gere Furniture forecasts a free cash flow of $470 in Year 3, i.e., at t=3, and it expects FCF to grow at a constant rate of 5% thereafter. If the weighted average cost of capital is 10% and the cost of equity is 15%, what is the horizon value at t=3 ? 5. Lance Inc.'s free cash flow was just $2.00 million. If the expected long-run growth rate for this company is 6.4%, if the weighted average cost of capital is 12.4%, Lance has $4 million in short-term investments and $4 million in debt, and 1 million shares outstanding, what is the intrinsic stock price? 6. A company is expected to have free cash flows of $0.75 million next year. The weighted average cost of capital is WACC =10.1%, and the expected constant growth rate is g=6.4%. The company has $2 million in short-term investments, $2 million in debt, and 1 million shares. What is the stock's current intrinsic stock price