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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 $3$ years, after whic

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FCF is expected to grow at a constant $7\%$ rate. Dantzler's WACC is $14\%.$

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Year

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FCF $($S millions$)$

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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 answe

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millions. Far example, an answer of $$13,550,000$ should be entered as $13\mathrm{.}55.$ Do not round intermediate calculations. Round your answer to two decim places.

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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 $13\mathrm{.}55.$ Do not round intermediate calculations. Round your answer to two decimal places.

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c$.$ Suppose Dantzler has $$57\mathrm{.}80$ million of debt and $40$ million shares of stock outstanding. What is your estimate of the current price per share? Write out your answer completely. For example, $0\mathrm{.}00025$ million should be entered as $250.$ Do not round intermediate calculations. Round your answer to the nearest cent.

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