Good Times Inc. has current sales of $8,000 (in millions), an operating ratio of 6%, a capital requirement ratio of 40%, 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 1. What is the firms free cash flow at the end of Yr 1?

Group of answer choices

$72.00

$65.50

$34.77

$128.96

$90.25 2.What is the firms horizon value at the end of Yr 4?

$13,011.28

$9,035.50

$10,308.94

$11,228.96

$8,326.23 3.

What is the firms total value today?

Group of answer choices

$10,312.54

$9,035.50

$12,308.94

$11,228.96

$8,326.23 4. What is the firms current equity value of price per share?

$103.28

$115.85

$150.26

$129.77

$20.50