BMD Inc.s projected free cash flows for the next three years are 30 million, 15 million, and 50 million respectively. After that the companys expected cash flow is expected to grow at a constant 4.5%. The companys WACC is 10.5%.

1. What is the companys horizon value?
2. What is the companys market value today assuming that the company has no ono-operating assets?
3. Suppose the company has $75.4 million of debt and 40 million shares of stock outstanding. What is the estimate value of the stock price per share today?

Please show all work and steps, but not in excel. Thank you! :)