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Nonconstant FCF Growth Valuation Reizenstein Technologies (RT) has just developed a solar panel capable of generating 200 % more electricity than any solar panel currently

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Nonconstant FCF Growth Valuation Reizenstein Technologies (RT) has just developed a solar panel capable of generating 200 % more electricity than any solar panel currently on the market. As a result, RT is expected to experience an 18% annual growth rate for the next 5 years. By the end of 5 years, other firms will have developed comparable technology, and RTs growth rate will slow to 6% per year indefinitely. RT has an 11% weighted average cost of capital. The most recent annual free cash flow (FCFo) was $2.25 million. a. Calculate RTs expected FCFS for t 1, t 2, t= 3, t = 4, and t = 5. Do not round intermediate calculations. Enter your answer in millions. For example, an answer of $1 million should be entered as 1, not 1,000,000. Round your answers to three decimal places. FCF million FCF2 million FCF3 million FCF4 million FCFs million b. What is the horizon value at t= 5 (HVs)? Do not round intermediate calculations. Enter your answer in millions. For example, an answer of $1 million should be entered as 1, not 1,000,00o. Round your answers to two decimal places. $ million e. What is the present value of the horizon value (HVs)? Do not round intermediate calculations. Enter your answer in milions. For example, an answer of $1 million should be entered as 1, not 1,000,000. Round your answers to two decimal places million d. What is the present value of the free cash flows expected at t 1, t = 2, t 3, t 4,and t 5? Do not round intermediate calculations. Enter your answer in millions. For example, an answer of $1 million should be entered as 1, not 1,000,000. Round your answers to two decimal places. million e. What is the value of operations at t 0? Do not round intermediate calculations. Enter your answer in millions. For example, an answer of $1 million should be entered as 1, not 1,000,000. Round your answers to two decimal places. million

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