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

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Nonconstant. FCF Growth Valuation Reizenstein Technologles (RT) has just developed a solar panel capable of generating 200 so more electricity than any solar panel currently on the markot. As a result, RT is expected to experience a 15% annual growth rate for the next 5 years. By the end of 5 years, other firms will haye developed comparable technology, and RT's growth rate will slow to 7% per year indefinitely. RT has a 10% weighted average cost of capital. The most recent annual free cash flow (FCFo) was $2.15 mallion. a. Calculate RT's expected FCFs fort =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 $1-million shouid be entered as 1 , not 1,000,000. Round your answers to three decimal places. FCF1=5FC=5FCF3=$FCF4=$F2=5mililionmillionmillionmillionmillion b. What is the horizon value at t=5(HV5) ? 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 answer to two decimal places. \$ malion c. What is the present value of the horizon value? 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 answer to two decimal places: 5 milion d. What is the present value of the free cash flows expected at t=1,t=2,t=3,t=4, and t=57 Do not round intermediate calcufations, Enter your answer in millions. For example, an answer of $1 million should be entered as 1, not 1,000,000. Round your answer to two decintal places. 5 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 milion should be entered 351 , not 1,000,000, Round your answer to two decimal places

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