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: Year 2022 2023 2024 2025 2026 Expected free cash flow ($ million) (end of year) 65.5 98.25 127.73 153.27 168.6 After 2026, cash flows are expected to grow by 4% per year. Based on the riskiness of your industry, you think that your weighted average cost of capital is 16%. The biotech firm has 5 million shares and bonds worth $120 million outstanding. Part 1 Attempt 1/3 for 10 pts. What is the horizon value, i.e., the present value of all free cash flows from 2027 to infinity expressed in 2026-dollars (in $ million)? 0+ decimals Submit Attempt 1/3 for 10 pts. Part 2 What is the total value of the company (in $ million)? 0+ decimals Submit Attempt 1/3 for 10 pts. Part 3 What is the value per share of common stock (in $)? 0+ decimals Submit