Q 9-10. Dozier Corporation is a fast-growing supplier of office products. Analysts project the following FCF during the next 3 years, after which FCF is expected grow at a constant 8 percent. Doziers WACC = 13%. Time YEAR 1 2 3 4 FCF (million) 20 30 40 8% growth 9. What is Doziers terminal, or horizon value (value of operation at time 3 for constant part)?

10. What is the current value of operations (present value of all cash flow)?