Please help! 2 questions below. Will upvote! :-) Thank you much!!!

Hasic Stock Valuation: Free Cash Flow Valuation Model The recognition that dividends are dapendent on earnings, so a reliable dividend forecast is based on an undentying forecast of the firm's future sales, costs and capital requirements, has led to an alternative stock valuation approach, known as the free cash flow valuation model. The marknt value of a firm is equal to the present value of its expected future free cash flows: Free cash flows are generally forecasted for 5 to 10 years, after which it is assumed that the final forecasted free cist flow will grow at some long-run constant rate. Once the firm reachas its horizon date, when cash flows begin to grow at a conatant rate, the equation to calculate the continuing value of the firm at that date is: Horisonvalue=VCumpayatNN=FCFN+1/(WACCgrCFr) Discount the free cach flows back at the firm's weighted average cost of capital to armive at the value of the firm todar. Once the value of the firm is calculated, the market value of Bebt and preferred are subtracted to arrive at the market value of equity. The narket value of equity is divided by the number of consarnon shares outstanding to estimate the firm's intrinsic per-share valoe- We present 2 exampies of the frve cash flow valuabion model. In che first probiem, we assume that che firm is a mature company so its free cash fons grow at a constant ram. th the second probiems, we assime that the firm has a period of nonconstant growth. Quantitative Problem 1: Assume today is December 31, 2016. Barrington Industries expects that its 2017 after-tax operating incame IEBrr(1 - T) will be \$410 million and its 2017 depreciation expense will be 565 million. Bamington's 2017 gross capital expenditures are expected to be 4100 million and the change in its net operating woiling capital for 2017 wil be 130 million. The firm's free cash flow is expected to orow at a constant rate of 6% annually. Asaume that its tree cach flow occurs at the end of each year. The firm's weiohted average cost of capital is 8.2\%; the market valie of the company's debt is 12.85 billion; and the company has 170 millicn shares of common stock outstanding. The firm has no preferred stock on its balance sheet and has no plans to use it tor future capital budgeting projectsi Using the free caih flow valuation model, what should be the consany's stod price today. (Decenber 31, 2016)? found your answer to the nearest cent. Do not round intemnedate calculations. per share Quantitative Froblem 2t Hadify Inci forecants the year-end free cash fows (in millons) shown below. preferred stock or any other outstaning diaims. there are 18 milion thares outitanding. What is the value ct the stock price todar (Year o)? flound vour ankwer to the nearest cent. Do not round intermediate caiculations. per share