Intro It is December 2021. You work as a financial analyst for Merck & Co and are tasked with the due diligence on the proposed acquisition of a biotech startup. You estimated the following cash flows for the startup Expected free cash flow Year (5 million) (end of year) 2022 725 2023 108.75 2024 141 38 2025 169.65 2026 186 62 After 2026, cash flows are expected to grow by 2% per year Based on the riskiness of your industry, you think that your weighted average cost of capital is 13% The biotech firm has 5 million shares and bonds worth $120 million outstanding Part 1 Attempt 1/3 for 1 pts What is the horizon value, le, the present value of all free cash flows from 2027 to infinity expressed in 2026-dollars (ins milliony? O decimals Submit Part 2 Attempt 1/3 for 1 pts What is the total value of the company (in S million)? 0 decimals Submit Part 3 Attempt 1/3 for 1 pts 1 What is the value per share of common stock (in Sy? decimas Submit