Please give me details on the answer you provide. I need this in order to understand the material. Please see the attachments.

Use the following assumptions to answer the questions below: (1) Operating ratios remain unchanged. (2) Sales will grow by 10%, 8%, 5% for the next four years. (3) The target weighted average cost of capital (WACC) is 9%. This is the No Change scenario because operations remain unchanged. 1. Assume the FCF will continue to grow at a rate for the last year in the forecast horizon (5% hint given). What is the horizon value at 2017? What is the present value of the horizon value? What is the present value of the FCF? (Hint: Said to use the free cash flows for 2014 through 2017.) What is the current value of the operations? Using the information from the 2013 financial statements, what is the current estimated intrinsic stock price?