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 5% rate. Dantzler's WACC is 10% Year FCF (S millions) - $8 $33 $55 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 Dantrier'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 milions. 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 $130 million of debt and 31 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. 1 Corporate valuation Dollars/shares in millions FCF 5 FCF 6 FCF 7 Constant growth raten 8 WACC 9 Market value of debt 10 Common shares outstanding $8.00 $33.00 $55.00 5.00% 10.00% $130.00 31 2 13 FCFs 14 Horizon value 15 Total FCFS $33.00 $55.00 17 PV of FCFs to investors 19 Firm value today 21 Market value of equity, MV Equity Price per share, P. Formulas 0 1 26 FCFS Horizon value Total FCFS -$8.00 $33.00 #NA $55.00 #N/A #N/A #NA #NA PV of FCFs to investors #NA #N/A #NA Firm value today #N/A 34 Market value of equity, MV Equity 35 Price per share, P, #NA #N/A Sheet1