Corporate Valuation Problems The Widget Company forecast free cash flow for the next five years is as follows: 2020 2021 2022 2023 2024 2,131 2,301 2,463 2,706 2,818 Free cash flows Ms. Stephanie Olsen, CFO reports that the weighted average cost of capital of the company is 13% and that the expected growth rate after 2024 is 4% per year. Given these numbers and assumptions: a. Calculate the horizon value as of 2024. b. Calculate the value of Widget as of today. c. Recalculate the value assuming a cost of capital of 13% and a growth rate of 6%. What effect does increasing or decreasing the growth rate have on value? d. Recalculate the value assuming a cost of capital of 15% and a growth rate of 4%. What effect does increasing or decreasing the cost of capital have on value