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Free Cash Flow Valuation Dozier Corporation is a fast - growing supplier of office products. Analysts project the following free cash flows ( FCFs )

Free Cash Flow Valuation
Dozier 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. Dozier's weighted average cost of capital is WACC =14%.
a. What is Dozier's horizon value? (Hint: Find the value of all free cash flows beyond Year 3 discounted back to Year 3.) Enter your answer in millions.
For example, an answer of $10,550,000 should be entered as 10.55. Round your answer to two decimal places.
$, million
b. What is the current value of operations for Dozier? Do not round intermediate calculations. Enter your answer in millions. For example, an answer
of $10,550,000 should be entered as 10.55. Round your answer to two decimal places.
$, million
c. Suppose Dozier has $10 million in marketable securities, $100 million in debt, and 10 million shares of stock. What is the intrinsic price per share?
Do not round intermediate calculations. Round your answer to the nearest cent.
$
per share
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