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tecn 13 % what is the value of the stock today? ti is , 9-15 CORPORATE VALUATION Dantzler Corporation is a fast-growing supplier of office

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tecn 13 % what is the value of the stock today? ti is , 9-15 CORPORATE VALUATION Dantzler Corporation is a fast-growing supplier of office prod- ucts. Analysts project the following free cash flows (FCFs) during the next 3 years, after F is expected to grow at a constant 5% rate. Dantzler's WACC is 11%. which FC Year 0 FCF ($ millions) -$11 $17 $45 a. What is Dantzler's horizon, or continuing, value? (Hint: Find the value of all free cash b. What is the firm's market value today? Assume that Dantzler has zero non-operating c. Suppose Dantzler has $112.60 million of debt and 25 million shares of stock outstand- flows beyond Year 3 discounted back to Year 3.) assets ing. What is your estimate of the current price per share

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