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Please help and dont use other anwers since they can be incorrect or incomplete, if possible screenshoot the excel and explain what formulas did you

Please help and dont use other anwers since they can be incorrect or incomplete, if possible screenshoot the excel and explain what formulas did you use!

Thanks

TTC recently introduced a new line of products that has been wildly successful. On the basis of this

success and anticipated future success, the following free cash flows were projected:

Year

FCF (in millions)

1

$5.5

2

$12.1

3

$23.8

4

$44.1

5

$69.0

6

$88.8

7

$107.5

8

$128.9

9

$147.1

10

$161.3

After the 10th year, TTC's financial planners anticipate that its free cash flow will grow at a constant rate

of 6%. Also, the firm concluded that the new product caused the WACC to fall to 9%. The market value

of TTC's debt is $1,200 million; it uses no preferred stock; and there are 20 million shares of common

stock outstanding. Use the corporate valuation model approach to value the stock.

The problem should be solved using Excel . Build a model showing all of your calculations.

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