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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) during the next 3

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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) during the next 3 years, after which FCF is expected to grow at a constant 5% rate. Dozier's weighted average cost of capital is WACC = 14%. Free cash fow (millions of dollars) 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 decimat places. 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. $ Dozier Corporation is a fast-growing supplier of office products. Analysts project the following fren cash flows (FCF) during the next 3 years, anter which FCF is expected to grow at a constant 5% rate. Dorier's weighted average cost of capitat is wace = 14%. Free cash flow (mililions of dollars) a. What is Dozier's horizon value? (Yint: 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 decimar places. b. What is the current value of operations for Dozier? Do not round intermediate calculath ns. Enter your answer in millions, For tvample, an answer of $10,550,000 should be entered as 10.55. Round your answer to fwo decimal places. c. Suppose Dozier has $10milli in marketable securities, $100 million in debt, and 10 million shares of stock. What is the intrinkic price per share? Do not round intermediate calculations. Round your answer to the nearest cent. 5 (3) per share

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