Udtion 1 Excel Online Structured Activity: Corporate valuation Dantzler Corporation is a fast-growing supplier of office products. Analysts project the following free cash flows (FCFS) during the next 3 years, after which FCF is expected to grow at a constant 5% rate. Dantzler's WACC is 15%. 0 2 FCF (S millions) - $13 $21 $37 The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the questions below noun Open spreadsheet a. What is Dantzler's horizon, or continuing, value? (Hint: Find the value of all free cash flows beyond Year 3 discounted back to Year 3.) Round your answer to two decimal places. Enter your answer in millions. For example, an answer of $13,550,000 should be entered as 13.55. million 1. What is the firm's value today? Round your answer to two decimal places. Enter your answer in millions. For example, an answer of $13,550,000 should be entered as 13.55. Do not round your intermediate calculations $ million Suppose Dantzler has $60 million of debt and 19 milion shares of stock outstanding. What is your estimate of the current price per share> Round your answer to two decimal places. Write out your answer completely. For example, 0.00025 million should be entered as 250. Hosen Arial BIU DHE HE 100 Paste Merge & Center $ - % ) [ Copy Format Painter Clipboard Font Alignment Number Undo G13 B D E F G 1 Corporate valuation 2 3 Dollars/shares in millions 4 FCF, 5 FCF 6 FCF 7 Constant growth rate, 8 WACC Market value of debt 10 Common shares outstanding 11 12 $13.00 $21.00 $37.00 5.00% 15.00% $60.00 19 0 1 -$13.00 2 $21.00 3 $37.00 13 FCFS 14 Horizon value 15 Total FCFS 16 17 PV of FCFs to investors 18 19 Firm value today 20 21 Market value of equity, MV Coul 22 Price per share, Po 23 24 Formulas 25 26 FCFS 27 Horizon value 28 Total FCF 29 30 PV of FCFs to investors 31 0 1 -$13.00 2 $21.00 3 $37.00 UNA WNA 4 WN/A WINA SINIA B Sheet1 SNIA + TINIA Calculation Mode: Automatic Workbook Statistics