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 $81.00 $128.96 $0.00 $67.50 $34.77

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

Group of answer choices $8,267 $9,035 $13,011 $12,198

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

Group of answer choices $150.26 $85.65 $56.70 $46.91