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Current and projected free cash flows for Radell Global Operations are shown below. (millions of dollars) Growth is expected to be constant after 2023, and

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image text in transcribed Current and projected free cash flows for Radell Global Operations are shown below. (millions of dollars) Growth is expected to be constant after 2023, and the weighted average cost of capital is 12%. What is the horizon (continuing) value at 2024 if growth from 2023 remains constant? Do not round intermediate calculations. Enter your answer in millions. For example, an answer of $1 million should be entered as 1 , not 1,000,000. Round your answer to the nearest whole number. Assume that the average firm in C\&J Corporation's industry is expected to grow at a constant rate of 5% and that its dividend yield is 8%. C\&J is about as risky as the average firm in the industry and just paid a dividend (D0) of $1. Analysts expect that the growth rate of dividends will be 50% during the first year (g0,1=50%) and 20% during the second year (g1,2=20%). After Year 2, dividend growth will be constant at 5%. What is the required rate of return on C\&J's stock? What is the estimated intrinsic price per share? Do not round intermediate calculations. Round the monetary value to the nearest cent and percentage value to the nearest whole number. rs:P0:$%

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