Irandtly tndustnes invests a large sum of moner in R8D; as a result, it retains and reinvests all of its earnings. In other words, Brandty does not pay any dividends, andit has no plans to pay IVidends in the near future. A major pension fund is interested in purchasing Arandtly's ttock. The pension fund monager has estimated Arandtty's free cash flows for the next 4 years as follows stock totals $40 milion, the firm has $13 milion in nanoperating assets, and it has 12 million shares of common stock outstanding. a. What is the present value of the free cash flows projected during the next 4 years? Do not round intermediate calculations. Round your antwer to the neorest dofias. White out your answers combletely. For example, 13 malizon should be entered as 13,000,000. 3. b. What is the fim's horizon, or continuing, value? Round your answer to the nearse doliar. Write out your answers coingletely. For example, 13 millien should be entered as 13 , 000,000 3 milish sheuld be entered as 13,000,000. 1. theuld be emered as 13,000,000. 5 4. What is an estimate of Brandtly's price per share? Ds not round intermed ste calculotions. Paund your antier to the nearect cent