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Reizenstein Technologies ( RT ) has just developed a solar panel capable of generating 2 0 0 % more electricity than any solar panel currently

Reizenstein Technologies (RT) has just developed a solar panel capable of generating 200% more electricity than any solar panel currently on the market. As a result, RT is expected to experience a 15% annual growth rate for the next 5 years. By the end of 5 years, other firms will have developed comparable technology, and RT's growth rate will slow to 6% per year indefinitely. RT has a 15% weighted average cost of capital. The most recent annual free cash flow (FCF0) was $1.25 million.
Calculate RT's expected FCFs for t =1, t =2, t =3, t =4, and t =5. Do not round intermediate calculations. Enter your answer in millions. For example, an answer of $1 million should be entered as 1, not 1,000,000. Round your answers to three decimal places.
FCF1= $
million
FCF2= $
million
FCF3= $
million
FCF4= $
million
FCF5= $
million
What is the horizon value at t =5(HV5)? Do not round intermediate calculations. Enter your answer in millions. For example, an answer of $1 million should be entered as 1, not 1,000,000. Round your answers to two decimal places.
$
million
What is the present value of the horizon value (HV5)? Do not round intermediate calculations. Enter your answer in millions. For example, an answer of $1 million should be entered as 1, not 1,000,000. Round your answers to two decimal places.
$
million
What is the present value of the free cash flows expected at t =1, t =2, t =3, t =4,and t =5? Do not round intermediate calculations. Enter your answer in millions. For example, an answer of $1 million should be entered as 1, not 1,000,000. Round your answers to two decimal places.
$
million
What is the value of operations at t =0? Do not round intermediate calculations. Enter your answer in millions. For example, an answer of $1 million should be entered as 1, not 1,000,000. Round your answers to two decimal places.
$
million

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