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Calculate JCI's projected free cash flow; the tax rate is 2 5 % . Enter your answer in millions. For example, an answer of $

Calculate JCI's projected free cash flow; the tax rate is 25%. Enter your answer in millions. For example, an answer of $1.23 million should be entered as 1.23, not 1,230,000. Round your answer to two decimal places.
$ fill in the blank 8
million
What is JCI's current intrinsic stock price (the price on 6/30/2021)? What is the projected intrinsic stock price for 6/30/2022? FCF is expected to grow at a constant rate of 6%, and JCI's WACC is 10%. The firm has 1,200 million shares outstanding. Round your answers to the nearest cent.
Intrinsic stock price on 6/30/2021: $ fill in the blank 9
Intrinsic stock price on 6/30/2022: $ fill in the blank 10
What is the projected intrinsic stock price on 7/1/2022 if JCI distributes the cash as dividends? Round your answer to the nearest cent.
$ fill in the blank 11
What is the projected intrinsic stock price on 7/1/2022 if JCI distributes the cash through stock repurchases? Round your answer to the nearest cent.
$ fill in the blank 12
How many shares will remain outstanding after the repurchase? Enter your answer in millions. For example, an answer of 1.23 million should be entered as 1.23, not 1,230,000. Round your answer to two decimal places.

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