Assume the FCF will continue to grow at the grow rate for the last year in the forecast horizon (Hint: 5%). What is the horizon value at 2017? What is the present value of the horizon value? What is the present value of the forecasted FCF? (Hint: use the free cash flow for 2014 through 2017). What is the current value of operations? Using the information from the 2013 financial statements, what is the current estimated intrinsic stock price?