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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

image text in transcribed 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 17% 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 8% per year indefinitely. RT has a 14% weighted average cost of capital. The most recent annual free cash flow ( FCF0) was $1.40 million. a. 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 $1 million should be entered as 1 , not 1,000,000. Round your answers to three decimal places. FCF1=$FCF2=$FCF3=$FCF4=$FCF5=$millionmillionmillionmillionmillion b. 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 c. 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 d. 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 c $1 million should be entered as 1 , not 1,000,000. Round your answers to two decimal places. $ million e. 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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