Heinfeldt Inc. forecasts the free cash flows $($FCFs$)($in millions$)$ shown below. The

weighted average cost of capital $($WACC$)$ is $12\%,$ and the FCFs are expected to continue growing at a $4\%$ rate after Year $3.$ The firm has $$168\mathrm{.}05$ million of market$-$value debt,but it has no preferred stock or any other outstanding claims. There are $50$ million shares outstanding.

Year $123$

FCF $$80$ $$130$ $$200$

a$.$ What is the estimated stock price today $($Year $0)?$

b$.$ Set up a simple Excel data table where you show how the estimated intrinsic value varies as the long$-$run growth rate varies over the following range $(2\mathrm{.}00\%,2\mathrm{.}25\%,2\mathrm{.}50\%,2\mathrm{.}75\%,3\mathrm{.}00\%,3\mathrm{.}25\%,3\mathrm{.}50\%,3\mathrm{.}75\%,4\mathrm{.}00\%,4\mathrm{.}25\%,4\mathrm{.}50\%,$ and $4\mathrm{.}75\%)$ assuming everything else stays constant.