Onyx Inc. has current sales of $8,000 (in millions), an operating ratio of 5%, a capital requirement ratio of 30%, a tax rate of 40% and a corporate cost of capital of 10%. Under new management sales are expected to grow 20% in Yr 1, 15% in Yr 2, 8% in Yr 3, 4% in Yr 4 and then grow at a constant rate of 4% after Yr 4.

In addition, the firm has the following balance sheet items:

(000,000)

Short-term investments = $50

Short-term debt (notes payable) = $200

Long-term debt (bonds) = $500

Preferred stock = $0

Number of shares of common stock = 100

What is the firms free cash flow at the end of Yr 1?

Group of answer choices

$67.50

$128.96

$81.00

$0.00

$34.77

What is the firms horizon value at the end of Yr 4?

Group of answer choices

$12,198

$13,011

$8,267

$9,035

What is the firms current equity value of price per share?

Group of answer choices

$85.65

$46.91

$56.70

$150.26