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Problem 7-17 Value of Operatuns Kendra Enterprises has never paid a dividend. Free Cash flow is projected to be $80,000 and $100,000 for the next

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Problem 7-17 Value of Operatuns Kendra Enterprises has never paid a dividend. Free Cash flow is projected to be $80,000 and $100,000 for the next 2 years, fespectively: after the second yeac, FCF is expected to grow at a constant rate of 5%. The company's weighted average cost of capital is 13%. a. What ithe terminal, or horizon, value of operations? (Hint: Find the value of all free cash flows beyond Year 2 discounted back to Year 2 ) Round your answer to the nearest cent. b. Calculate the value of Kendra's operations. Round your answer to the nearest cent, Do not round intermediate calculations

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