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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

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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 8% rate. Dantzler's WACC is 15%. 1 2 3 Year - $7 $45 FCF ($ millions) $27 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. 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. s million . 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 - Suppose Dantzler has $99 million of debt and 16 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 Check My Work Reset Problem Im lu lo G m 1 Corporation 3 Dollars shares i millors 4 FCF S FCF 6 FCF 7 Constant growth SWADC 9 Market value of debt 10 Common share outstanding $7.00 $27.00 $45.00 8.00% 15.00% $99.00 16 -$7.00 $27.00 $45.00 12 13 FCFS 14 Horizon value 1ST FOR 16 17 PV of FOFs to investors 18 e Martin value of equity, May EZ Pile per share.P 0 Fores ES 26 FCFS 7 Hafizon value Total FCFS -57.00 $27.00 3 $45.00 SNA SUA SEVA SNIA ED PV of FDFs to investors ENA SA 3 34 Martiet value of equity, MV as Pile per share. P ENIA SUA

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