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 $10\mathrm{.}55.$ 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 $10\mathrm{.}55.$ 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