Sheldon Corporation projects the following free cash flows (FCFs) and interest expenses for the next 3 years, after which FCF and interest expenses are expected to grow at a constant 8 rate Sheldons unlevered cost of equity is 13 its tax rate is 45 Year 1 2 3 Free cash flow ($ millions) $20 $30 $40 Interest expense ($ millions) $8 $9 $10 What is Sheldons unlevered horizon value of operations at Year 3 Enter your answer in millions For example, an answer of $1 2 million should be entered as 1 2, not 1,200,000 Do not round intermediate calculations Round your answer to two decimal places $ million What is the current unlevered value of operations Enter your answer in millions For example, an answer of $1 2 million should be entered as 1 2, not 1,200,000 Do not round intermediate calculations Round your answer to two decimal places $ million What is horizon value of the tax shield at Year 3 Enter your answer in millions For example, an answer of $1 2 million should be entered as 1 2, not 1,200,000 Do not round intermediate calculations Round your answer to two decimal places $ million What is the current value of the tax shield Enter your answer in millions For example, an answer of $1 2 million should be entered as 1 2, not 1,200,000 Do not round intermediate calculations Round your answer to two decimal places $ million What is the current total value of the company Enter your answer in millions For example, an answer of $1 2 million should be entered as 1 2, not 1,200,000 Do not round intermediate calculations Round your answer to two decimal places

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Sheldon Corporation projects the following free cash flows (FCFs) and interest expenses for the next 3 years, after which FCF and interest expenses are expected

Sheldon Corporation projects the following free cash flows (FCFs) and interest expenses for the next 3 years, after which FCF and interest expenses are expected to grow at a constant 8% rate. Sheldons unlevered cost of equity is 13% its tax rate is 45%.

	Year
	1	2	3
Free cash flow ($ millions)	$20	$30	$40
Interest expense ($ millions)	$8	$9	$10

What is Sheldons unlevered horizon value of operations at Year 3? Enter your answer in millions. For example, an answer of $1.2 million should be entered as 1.2, not 1,200,000. Do not round intermediate calculations. Round your answer to two decimal places.
$ million
What is the current unlevered value of operations? Enter your answer in millions. For example, an answer of $1.2 million should be entered as 1.2, not 1,200,000. Do not round intermediate calculations. Round your answer to two decimal places.
$ million
What is horizon value of the tax shield at Year 3? Enter your answer in millions. For example, an answer of $1.2 million should be entered as 1.2, not 1,200,000. Do not round intermediate calculations. Round your answer to two decimal places.
$ million
What is the current value of the tax shield? Enter your answer in millions. For example, an answer of $1.2 million should be entered as 1.2, not 1,200,000. Do not round intermediate calculations. Round your answer to two decimal places.
$ million
What is the current total value of the company? Enter your answer in millions. For example, an answer of $1.2 million should be entered as 1.2, not 1,200,000. Do not round intermediate calculations. Round your answer to two decimal places.