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 Brandtly's free cash flows for the next 4 years as follows: $2 million, $6 million, $11 million, and $14 million. After the fourth year, free cash flow is projected to grow at a constant 6%. Brandtly's WACC is 12%, the market value of its debt and preferred stock totals $66 million, and it has 25 million shares of common stock outstanding. Write out your answers completely. For example, 13 million should be entered as 13,000,000. $ a. What is the present value of the free cash flows projected during the next 4 years? Round your answer to the nearest cent. Do not round your intermediate calculations. $ b. What is the firm's horizon, or continuing, value? Round your answer to the nearest cent. $ c. What is the firm's total value today? Round your answer to the nearest cent. Do not round your intermediate calculations. $ d. What is an estimate of Brandtly's price per share? Round your answer to the nearest cent. Do not round your intermediate calculations. $