on the market. As a result, RT is expected to experience a 14% annual growth rate for the next 5 years. By the end 5 years, other firms will have developed comparable technology, and RT's growth rate will slow to 7% per year indefinitely. RT has an 11% weighted average cost of capital. The most recent annual free cash flow (FCF0) was $2.75 million. a. Calculate RT's 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 $1 million should be entered as 1 , not 1,000,000. Round your answers to three decimal places. FCF1=$FCF2=$FCF3=$FCF4=$FCF5=$millionmillionmillionmillionmillion b. What is the horizon value at t=5(HV5) ? Do not round intermediate calculations. Enter your answer in millions. For example, an answe of $1 million should be entered as 1 , not 1,000,000. Round your answer to two decimal places. million answer of $1 million should be entered as 1 , not 1,000,000. Round your answer 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 answer 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 examplen of $1 million should be entered as 1 , not 1,000,000. Round your answer to two decimal places. \$ million