Constant FCF Growth Valuation Brook Corporations free cash ow for the current year (FCF0) was $2.00 million. Its investors require a 15% rate of return on Brooks Corporation stock (WACC = 15%). What is the estimated value of the value of operations if investors expect FCF to grow at a constant annual rate of (1) - 3%, (2) 0%, (3) 4%, or (4) 13%? Do not round intermediate calculations. Enter your answers in millions. For example, an answer of $1 million should be entered as 1, not 1,000,000. Round your answers to two decimal places. 1. $ million 2. $ million 3. $ million 4. $ million 2. Value of Operations Kendra Enterprises has never paid a dividend. Free cash ow is projected to be $80,000 and $100,000 for the next 2 years, respectively; after the second year, FCF is expected to grow at a constant rate of 8%. The companies weighted average cost of capital is 12%. (a) What is the terminal, or horizon, value of operations? (Hint: Find the value of all free cash ows beyond Year 2 discounted back to Year 2.) Round your answer to the nearest cent. $ (b) Calculate the value of Kendras operations. Do not round intermediate calculations. Round your answer to the nearest cent.