Excel Online Structured Activity: Corporate valuation 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 6% rate. Dantzler's WACC is 14%. Year FCF (S millions) $25 $10 $35 The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the questions below. X Open spreadsheet 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.) Round your answer to two decimal places. Enter your answer in millions. For example, an answer of $13,550,000 should be entered as 13.55. $ million b. What is the firm's value today? Round your answer to two decimal places. Enter your answer in millions. For example, an answer of $13,550,000 should be entered as 13.55. Do not round your intermediate calculations. $ million c. Suppose Dantzler has $35 million of debt and 25 million shares of stock outstanding. What is your estimate of the current price per share? Round your answer to two decimal places. Write out your answer completely. For example, 0.00025 million should be entered as 250. S Excel template - Saved O Search (Option + Q) File Home Insert Draw Page Layout Formulas Datal Review View Automate Help Ec Arial 10 B V Currency G13 fx B D H 1 Corporate valuation 2 3 Dollars/shares in millions 4 FCF $25.00 5 FCF $10.00 6 FCF $35.00 7 Constant growth rate, g. 6.00% 8 WACC 14.00% 9. Market value of debt $35.00 10 Common shares outstanding 25 11 12 0 13 FCFs -$25.00 14 Horizon value 15 Total FCFS 76 17 PV of FCFs to investors 18 19 Firm value today 20 21 Market value of equity, MVE 22 Price per share, Po 23 24 Formulas 25 26 FCFs 27 Horizon value 28 Total FCFS 29 30 PV of FCFs to investors 31 32 Firm value today 33 34 Market value of equity, MV 35 Price per share, Po. 36 2 $10.00 3 $10.00 $35.00 10 -$25.00 2 $10.00 3 $35.00 N/A INA N/A N/A NIA N/A N/A N/A N/A N/A NA Sheet! + Calculation Mode: Automatic Workbook Statistics