Part $2$

What is the firm value $($i$.$e$.$ enterprise value$)$ today $($in $ million$)?$

Part $3$

What is a good estimate of Majong's value per share? Assume the company has no excess cash.Intro

Majong Inc. forecasts that it will have the free cash flows shown below. The free cash flows are expected to grow

by $3\%$ per year after year $3.$

The weighted average cost of capital is $8\%.$ The firm has $$50$ million of debt and $10$ million shares outstanding.

Part $1$

What is Majong's horizon value $($in $ million$)$ at the end of year $3?$