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Forecasted below is the free cash flows (FCFs) (in millions) shown below. The weighted average cost of capital (WACC) is 12%, and the FCFs are

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Forecasted below is the free cash flows (FCFs) (in millions) shown below. The weighted average cost of capital (WACC) is 12%, and the FCFs are expected to continue growing at a 5% rate after Year 4. The firm has $239.27 million of market value debt, but it has no preferred stock or any other outstanding claims. There are 145 million shares outstanding. Year FCF 1 $45 2 $75 3 $90 4 $150 a. b. Using Excel, what is the value of the stock price today (Year 0)? Set up a simple Excel data table where you show how the estimated intrinsic value varies as the long-run growth rate varies over the following range (4.00%, 4.25%, 4.50%, 4.75%, 5.00%, 5.25%, 5.50%, 5.75%, 6.00%, 6.25%, 6.50%, and 6.75%) assuming everything else stays constant

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