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Horizon Value of Free Cash Flows Current and projected free cash flows for Radell Global Operations are shown below. Growth is expected to be constant

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Horizon Value of Free Cash Flows Current and projected free cash flows for Radell Global Operations are shown below. Growth is expected to be constant after 2023, and the weighted average cost of capital is 12\%k. What is the horizon (continuing) value at 2024 if growth fror 2023 remains constant? Do not round intermediate calculations. Enter your answer in milliens, For example, an answer of $1 million should be entered as 1 . not 1,000,000, Round your answer to the nearest whole number. million Nonconstant Dividend Growth Valuation A company currently pays a dividend of $1 per share (D0$1). It is estimated that the company's dividend will grow at a rate of 24% per year for the next 2 years and then at a constant rate of 7% thereafter. The company's stock has a beta of 1.8, the risk-free rate is 6.5%, and the market risk premium is 3.5\%. What is your estimate of the stock's current price? Do not round intermediate calculations. Round your answer to the nearest cent. Dozier Corporation is a fast-growing supplier of office products. Analysts project the following free cash flows (FCFs) during the next 3 years, after which fCF is expected to grow at a constant 5% rate. Doaler's weighted average cost of capital is WACC =15%. Free cach flow (millions of dellars) a. What is Dozier's horizon value? (Hint: Find the value of all free cashi fows beyond Year 3 discounted back to Year 3 .) Enter your answer in miltions. for example, an answer of $10,550,000 should be entered as 10.55. Round your answer to two decienal places. 5 million b. What is the current value of operations for Dozier? Do not round intermediate calculatioIs. finter your anwwer in millions. For example, an answer of $10,550,000 should be entered as 10.55. Round your answer to two decimal places. 5 milion. C. Suppose Dozier has $10 malion in marketable securities, 5100 milion in debt, and 10 million shares of stock, What is the intrinsic price per share? Do not round intermediate calculations. Round your answer to the nearest cent. 5 per share

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