Projected free cash flows (FCF): A company has the following projected FCF. - Year 1FCF=$8 million. - Year 2FCF=$10 million. - Year 3FCF=$18 million - FCF grows at constant rate of 6% after year 3 . WACC=10% Marketable securities =$75. Debt=$112; Preferred stock =0; 10 million shares of stock outstanding Find the price per share. What is the terminal or horizon value of operations at the end of year 3 (when the constant growth rate begins)? What is the value of operations at time 0 (Vopo) ? What is the total of both sources of firm value (value of operations + \ value of non-operating assets)? What is the value of equity? What is the estimated price per share