chigen Financial Statement, Can Fox, and Tues Ma. Cangage Learning MINDTAP Q Search this cours ity; Corporate valuation Excel Online Structured Activity: Corporate valuation Dantzler Corporation is a fast-growing supplier of office products. Analysts project the following free cash flows (FC) during the next 3 years, after which FCF is expected to grow at a constant 6 rate. Darvtalers WACC is 13% 0 1 2 Year FCF ($ millions) - 513 $28 $45 The data has been collected in the Microsoft Excel Online he below. Open the spreadsheet and perform the required analysis to answer the questions below. Open spreadsheet 2. What is Dantzler's hortion, or continuing, value? (Hint: Find the value of all free cash flows beyond Year 3 discounted back to Year 3 ) Round your answer to two dermal places inter your answer in millions. For example, an answer of $13,550,000 should be entered as 13.55 $ million What is the firm's value todev Round your answer to two decimal places. Enter your answer in millions. For example, an answer of $13,550,000 should be entered a 13:35 Do not round your intermediate calculations 5 million c. Suppose Danteler tas $166 millon of debt and 10 milion shares of stock outstanding. What is your estimate of the current price per share? Round your answer to two decimat places write out your answer completely. For example, 0.00025 million should be entered as 250 G13 B D E F $13.00 $28.00 $45.00 6.00% 13.00% $166.00 10 0 2 $28.00 -$13.00 3 $45.00 3 Dollars/shares in millions 4 FCF 5 FCF 6 FCF 7 Constant growth rate, 8 WACC 9 Market value of debt 10 Common shares outstanding 11 12 13 FCFS 14 Horizon value 15 Total FCFs 16 17 PV of FCFs to investors 18 19 Firm value today 20 21 Market value of equity, Megut 22 Price per share, P. 23 24 Formulas 25 26 FCF 27 Horizon value 28 Total FCFs 29 30 PV of FCFs to investors 31 32 Firm value today 0 1 $13.00 2 $28.00 WNIA 3 $45.00 SN/A UNIA SNIA TINA UNIA WNIA SNIA SNIA NA 34 Market value of equity, MV 35 Price per share, Po Sheet1 WNIA Calculation Model Automatic Workbook Statistics