Olsen Outfitters Inc. believes that its optimal capital structure consists of $60\%$ common equity and $40\%$ debt, and its tax rate is $25\%.$ Olsen must raise additional capital to fund its upcoming expansion. The firm will have $$4$ million of retained earnings with a cost of rs $=13\%.$ New common stock in an amount up to $$8$ million would have a cost of re $=14\mathrm{.}5\%.$

Furthermore, Olsen can raise up to $$4$ million of debt at an interest rate of rd $=11\%$ and an additional $$4$ million of debt at rd $=13\%.$ The CFO estimates that a proposed expansion would require an investment of $$8\mathrm{.}6$ million.

$1.$ What is the WACC for the last dollar raised to complete the expansion?

Round your answer to two decimal places.

$2.$ What is the firm's horizon value $($Terminal value$)?$

The firm's horizon value $=$ FCF $($t $=5)/($WACC $-$ g$)$

Round your answer to the nearest dollar. Write out your answers completely.

$3.$ What is the market value of the company's operations?

The market value of the operations $=$ sum of the present values of the company's free cash flows & terminal value.

Do not round intermediate calculations. Round your answer to the nearest dollar.

$4.$ What is the firm's total market value today?

The firm's total market value $=$ the market value of the company's operations $+$ company's non$-$operating assets.

Do not round intermediate calculations. Round your answer to the nearest dollar. Write out your answers completely.

$5.$ What is an estimate of Brandtly's price per share?

Price per share $=$ Market value of equity $/$ shares of common stock outstanding

Do not round intermediate calculations. Round your answer to the nearest cent.