Please see the following attachment. Looking for solutions to the questions. Used for review.

1.) Honeywell Inc's. free cash flow during the just-ended year (t = 0) was $100 million, and FCF is expected to grow at a constant rate of 5% in the future. If the weighted average cost of capital is 15%, What is the firm's value of operations, in millions? 2.) Assume Basics Co. is operating in a new industry that has recently caught on with the public. The latest annual dividend Do, paid yesterday, was $1. Due to high growth in sales, a 25% growth rate in cash dividends is expected over the next two years. Thereafter the growth rate is expected to be 5% forever. The required rate of return on the stock is 22%. What is a share at Basics Co. common stock worth