Horizon value =VCompanysoperationsatt=N=FCFN+1/(WACCgFCF) constant rate. In the second problem, we assume that the firm has a period of nonconstant growth. Quantitative Problem 1: Assume today is December 31, 2019. Barrington Industries expects that its 2020 after-tax operating income [EBIT $450 million and its 2020 depreciation expense will be $65 million. Barrington's 2020 gross capital expenditures are expected to be $100 million and the change in its net operating working capital for 2020 will be $25 million. The firm's free cash flow is expected to grow at a constant rate 6.5% annually. Assume that its free cash flow occurs at the end of each year. The firm's weighted average cost is 8.7%; the market is stock price today (December 31, 2019)? Do not round intermediate calculations. Round your answer to the nearest cent. $ per share Quantitative Problem 2: Hadley Inc. forecasts the year-end free cash flows (in millions) shown below. assets. What is the value of the stock price today (Year 0 )? Round your answer to the nearest cent. Do not round intermediate calcular. $ per share