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Brandtly Industries invests a large sum of money in R&D, as a result, it retains and reinvests all of its earnings. In other words, Brandtly

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Brandtly Industries invests a large sum of money in R&D, as a result, it retains and reinvests all of its earnings. In other words, Brandtly does not pay any dividends, and it has no plans to pay dividends in the near future. A major pension fund is interested in purchasing Brandtly's stock. The pension fund manager has estimated Brandt's free cash flows for the next 4 years as follows: $2 million, $5 million, $12 million, and $14 million. After the fourth year, free cash flow is projected to grow at a constant Brandtly's WACC is 11%, the market value of its debt and preferred stock totals $62 million, the firm has $12 million in nonoperating assets, and it has 16 milion shares of common stock outstanding a. What is the present value of the free cash flows projected during the next 4 years do not round intermediate calculations. Round your answer to the nearest dollar Write out your answers completely. For example, 13 million should be entered as 13,000,000 $ b. What is the firm's horizon, or continuing, value? Round your answer to the nearest dollar. Write out your answers completely. For example, 13 milion should be entered 13,000,000 $ c. What is the market value of the company's operations? Do not round intermediate calculations. Round your answer to the nearest dollar Write out your antes completely. For example, 13 million should be entered as 13,000,000 What is the firm's total market value today? Do not round intermediate calculations, Round your answer to the nearest dollar. Write out your answers completely. For example, 13 million should be entered as 13,000,000 $ d. What is an estimate of Brandtly's price per share? Do not round Intermediate calculations. Round your answer to the nearest cent

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