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 $=75$

$10.$ 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$