A. Calculate the estimated horizon value (the value of operations at the end of the forecast period immediately after the Year 4 free cash flow) ASSUME GROWTH BECOMES CONSTANT AFTER YEAR 3.

B. Calculate the present value pf the horizon blue, the present balue of the free cash flows, and the estimated Year-0 value of operations

C. Calcuate the estumated Year-0 price per share of common equity.

Selected data for the Derby Eorporation are shown below Use the data to anzwer the following queshons a. Ealculate the estimated horizen value li.e., the value of operations at the end of the forecast neriod imenediately after the Year-4 free cash flowl. Assume qrowth becomes. b. Calculate the present value of the horizon value, the present value of the free cath Hown, and the entimated Year-0 value of operation: c. Calculate the estimaled Year-0 price per thare of common equity