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 5% rate. Dantzler's WACC is 13%.

\fFCF -$20.00 FCF2 $20.00 FCF 3 $38.00 Constant growth rate, gn 5.00% WACC 13.00% Market value of debt $121.00 Common shares outstanding 17 0 1 2 3 4 FCFS -$20.00 $20.00 $38.00 Horizon value Total FCFs PV of FCFs to investors Firm value today Market value of equity, MVEquity Price per share, Po Formulas 0 1 2 3 4 FCFs -$20.00 $20.00 $38.00 #N/A Horizon value #N/A Total FCFs #N/A #N/A #N/A PV of FCFs to investors #N/A #N/A #N/A Firm value today #N/A Market value of equity, MV Equity #N/A Price per share, Po #N/A