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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, tirandtly

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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, tirandtly 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 Brandtlys stock. The pension fund manager has estimated tirandtlys free cash flows for the next years as follows: $2 million, 5 milion, $10 million, and $16 million. After the fourth year, free cash flow is projected to grow at a constant Brandtlys WACC is 15%, the market value of debt and preferred stock totals $60 million, the firm has 514 million in non-operating assets, and it has 12 million shares of common stock outstanding a. What is the present value of the free cash flows projected during the next years? Do not round Intermediate cakulations. Round your answer to the nearest dollar. Wite out your answers completely. For example, 13 million should be entered as 13,000,000 21,243,063 b. What is the firw's horizon, or continuing, value? Round your answer to the nearest dollar. Write out your answers completely. For examol, 17 million should be entered = 13,000,000 188,444,444 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 answers completely. For example, 13 million should be entered as 13,000,000 $ What is the firm's total market value today? Do not round intermedinte calculations. Round your answer to the nearest dollar. Write out your answers completely. For example, 13 million should be entered as 13,000,000 5 128,986,785 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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