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? $81.00 $72.00 $67.50 $11.25 $128.96

10. What is the firm's horizon value at the end of Yr 4? $12,198.08 $13,011.28 $11,488.88 $9,035.50 $14,637.70

11. What is the firm's total value today? $12,308.94 $8,981.33 $11,228.96 $10,312.54 $9,669.57

12. What is the firm's current equity value of price per share? $121.19 $150.26 $146.91 $129.77 $112.02