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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 dividende 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 Brandulys free cash flows for the next 4 years as follows: $2 million, 57 milion, 59 million, and 13 million. After the fourth year, free cash flow is projected to grow at a constant 6% Brandtly's WACC IS 11%, the market value of its debt and preferred stock totals 42 million, the firm has 513 million in nonoperating assets, and it has 16 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 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 million should be entered as 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 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 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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