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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 7% 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 $77.00 million of debt and 26 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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