a$)$

HV Hor$\mathrm{.}2$on vulue $=H{V}_3=\frac{FC{F}_4}{\text{W}\text{A}\text{C}\text{C}-g}\frac{52(1+\mathrm{.}08)}{0\mathrm{.}11-0\mathrm{.}08}=\frac{52(1\mathrm{.}08)}{0\mathrm{.}03}=\frac{56\mathrm{.}16}{0\mathrm{.}03}=1872$

b$)$ What is the firms value taday?

value of firm today $V_0$ WACC $=11\%$

$\frac{-24}{(1\mathrm{.}11{)}^1}+\frac{11}{(1\mathrm{.}11{)}^2}+\frac{\text{\$}R}{(1\mathrm{.}11{)}^3}+\frac{1872}{(1\mathrm{.}11{)}^3}$

$-21\mathrm{.}6216+8\mathrm{.}9278+38\mathrm{.}02195+1368\mathrm{.}79026$

$=1394\mathrm{.}11845$

$V_f$ Firms value todeg $=1394\mathrm{.}12,$

c$)$

$V_F=1394\mathrm{.}12$

$\backslash$table$[[v_f,$Debt $80\mathrm{.}00($mill$)],[1394\mathrm{.}12,$Equ.ty$]]$

Price Per share.

$1314\mathrm{.}12\%11($shares

outstand.ng$)$ $$119$ If my answers A and B are correct, What am I doing wrong that my answer C is wrong?