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Dantzler Corporation is a fast - growing supplier of office products. Analysts project the following free cash flows ( FCFs ) during the next 3

Dantzler Corporation is a fast-growing supplier of office products. Analysts project the following free cash flows (FCFs) during the next 3
years, after which FCF is expected to grow at a constant 8% rate. Dantzler's WACC is 13%.
Year
FCF ( $ millions)
a. What is Dantzler's horizon, or continuing, value? (Hint: Find the value of all free cash flows beyond Year 3 discounted back to Year 3.)
Enter your answer in millions. For example, an answer of $13,550,000 should be entered as 13.55. Do not round intermediate
calculations. Round your answer to two decimal places.
$
million
b. What is the firm's market value today? Assume that Dantzler has zero nonoperating assets. Enter your answer in millions. For
example, an answer of $13,550,000 should be entered as 13.55. Do not round intermediate calculations. Round your answer to two
decimal places.
$
million
c. Suppose Dantzler has $60.00 million of debt and 12 million shares of stock outstanding. What is your estimate of the current price per
share? Write out your answer completely. For example, 0.00025 million should be entered as 250. Do not round intermediate
calculations. Round your answer to the nearest cent.
$
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