The following table shows projected free cash flows for the next four years for Quick Sky Corp., a company producing wind turbines. After the four year period, Quick Sky is expected to grow at a constant rate of 6% and its WACC is 12%. Quick 5ky has $20 million of debt and $180 million shares of stock outstanding. Quick Sky's value today is million and the price per share today is Here, EBIT is eamings before interest and taxes; FCF, is the free cash flow generated in year t before any payments are made to any investors, so it must be used to compensate common stockholders, preferred stockholders, and bondhoiders; WACC is weighted average cost of all the firm's capital, such as debt, preferred stock, and common equity. Free cash flows are forecasted for 5 to 10 years, after which it is assumed that the company reaches its horizon date. That is, the final explicitly forecasted FCF will grow at some long-run constant rate. You can use the following formula to calculate the market value of the company's operations as of that date: =WACC-FOCFCRN+1 Market value of company = Market value of company's operations + Market value of company's nonoperating asse Suppose your company's WACC =12% and you know that the free cash flow of your company next year is going to be FCF1=$13.85 and then FCF is expected to grow at 6%. Then the FCF2 is and the company's horizon value in one year is This means that the firm's value today is