please show formulas on how to get these! thank you so much!

5 Selected data for the Derby Corporation are shown below. Use the data to answer the following questions. 6 7 INPUTS (In millions) Year 8 Current Projected 9 0 1 2 3 10 Free cash flow -$20.0 $20.0 $80.0 $84.0 11 Marketable Securities $40 12 Notes payable $100 13 Long-term bonds $300 14 Preferred stock $50 15 WACC 9.00% 16 Number of shares of stock 40 17 18 a. Calculate the estimated horizon value (i.e., the value of operations at the end of the forecast period immediately 19 after the Year-4 free cash flow). Assume growth becomes constant after Year 3. 20 21 Current Projected 22 0 1 2 3 4 23 Free cash flow - $20.0 $20.0 $80.0 $84.0 24 Long-term constant growth in FCF 25 Horizon value 26 27 b. Calculate the present value of the horizon value, the present value of the free cash flows, and the estimated Year-0 28 value of operations. 29 30 PV of horizon value 31 PV of FCF 32 Value of operations (PV of FCF + HV) 33 34 c. Calculate the estimated Year-0 price per share of common equity. 35 36 Value of operations 37 Plus value of narketable securities 38 Total value of company 39 Less value of debt 40 Less value of preferred stock 41 Estimated value of common equity 42 Divided by number of shares 43 Price per share