Lance Inc.'s free cash flow was just R1.00 million. If the expected long-run growth rate for this company is 5.4%, if the weighted average cost of capital is 11.4%, Lance R.3 million in debt, and 1 million shares outstanding, what is the intrinsic stock price? (5) Gere Furniture forecasts a free cash flow of R40 million in Year 3, i.e., at t = 3, and it expects FCF to grow at a constant rate of 5% thereafter. If the weighted average cost of capital is 10% and the cost of equity is 15%, what is the horizon value, in millions at t = 3?