Good Times Inc. has current sales of $$7,500($in millions$),$ an operating ratio of $6\%,$ a capital requirement ratio of $45\%,$ a tax rate of $40\%$ and a corporate cost of capital of $8\%.$ Under new management sales are expected to grow $15\%$ in Yr $1,15\%$ in Yr $2,10\%$ in Yr $3,5\%$ in Yr $4$ and then grow at a constant rate of $4\%$ after Yr $4.$

In addition, the firm has the following balance sheet items:

$(000,000)$

Short$-$term investments $=$ $$25$

Short$-$term debt $($notes payable$)=$ $$250$

Long$-$term debt $($bonds$)=$ $$300$

Preferred stock $=$ $$30$

Number of shares of common stock $=75$

$9.$ What is the firm's free cash flow at the end of Yr $1?$

$$81\mathrm{.}00$

$$72\mathrm{.}00$

$$67\mathrm{.}50$

$$11\mathrm{.}25$

$$128\mathrm{.}96$

$10.$ What is the firm$$s horizon value at the end of Yr $4?$

$$12,198\mathrm{.}08$

$$13,011\mathrm{.}28$

$$11,488\mathrm{.}88$

$$9,035\mathrm{.}50$

$$14,637\mathrm{.}70$

$11.$ What is the firm$$s total value today?

$$12,308\mathrm{.}94$

$$8,981\mathrm{.}33$

$$11,228\mathrm{.}96$

$$10,312\mathrm{.}54$

$$9,669\mathrm{.}57$

$12.$ What is the firm$$s current equity value of price per share?

$$121\mathrm{.}19$

$$150\mathrm{.}26$

$$146\mathrm{.}91$

$$129\mathrm{.}77$

$$112\mathrm{.}02$