8. Problem 7-12 (Value of Operations) ook Value of Operations Problem Walk-Through Kendra Enterprises has never paid a dividend. Free cash flow is projected to be $80,000 and $100,000 for the next 2 years, respectively, after the second year, FCF is expected to grow at a constant rate of 9%. The company's weighted average cost of capital is 14%. a. What is the terminal, or horizon, value of operations (Hint: Find the value of all free cash flows beyond Year 2 discounted back to Year 2.) Round your answer the nearest cent. $ b. Calculate the value of Kendra's operations. Do not round Intermediate calculations. Round your answer to the nearest cent. $