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Dantzler Corporation is a fast-growing supplier of office products. Analysts project the following free cash flows (rCFs) during the next 3 years, after which fCF.
Dantzler Corporation is a fast-growing supplier of office products. Analysts project the following free cash flows (rCFs) during the next 3 years, after which fCF. is expected to grow at a constant 7% rate. Dantzler's WACC 516%. 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 examole. an answer of $13,550,000 should be entered as 13.55. Do not round intermediate calculations. Round vour answer to two decimal places. $ mitlion b. What is the firm's market value today? Assume that Dantaler 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 intermedate calculations. Round your answer to two decimal places. $ miltion c. Suppose Dantzier has $64.20 million of debt and 23 million shares of stock outstanding. What is your estimate of the current price per share? White out your answer combletelv. For example, 0.00025 millson should te entered as 250 . Do not round intermediate calculations, Round your answer to the nearest cent. $
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