The following data belongs to Delta Co. Projected free cash flows (FCF): Year 1FCF=$10 million. Year 2 FCF =$20 million. Year 3 FCF =$35 million FCF grows at constant rate of 5% after year 3 . WACC=11% Short-term investments =$100 million Debt =$200 million Preferred stock =$50 million Number of shares =n=10 million Calculate 1. Value of Operations 2. Total Value of Company 3. Estimated Intrinsic Value of Equity 4. Estimated Intrinsic Stock Price per Share 5. PV of Horizon Value