Exercise #4 (8 points) Suppose Delta has the following forecasted free cash flows. After year 4, FCF is expected to grow by 3% forever. The firm's discount rate is 13%. Delta has $300m in non-operating cash on its balance sheet. It has also issued 10m bonds, each with a market value of $840. If Delta has 45m shares outstanding, what is its share price today? Year FCF (in millions) 1 2 3 1,100 1,500 1,000 1,200