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Vail Resorts has been adversely affected by the COVID-19 pandemic. As a result of closures and reduced capacity at its mountain resorts, the company has

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Vail Resorts has been adversely affected by the COVID-19 pandemic. As a result of closures and reduced capacity at its mountain resorts, the company has revised its expected firm free cash flow to the following: (in millions of USD) Year 1 Year 2 Year 3 Year 4 Year 5 Free Cash Flow -300 550 625 675 745 Beyond Year 5, the company's free cash flow is expected to increase by 3% per year in perpetuity. The company currently has a cash balance of $390 million and outstanding debt of $3,710 million. Vail Resorts currently has 40.2 million shares of stock outstanding. a. What is the current enterprise value of Vail Resorts assuming a weighted average cost of capital of 8% per year? Enterprise Value= millions. Round your answer to two decimals places. b. What is the current value per share of Vail Resorts stock implied by the enterprise value in Part A? The current share price= $ Round your answer to two decimals places. c. If governments impose a mandatory closure of all ski resorts due to the ongoing pandemic in Year 1, Vail expects its Year 1 free cash flow to be -$1,800 million instead of -$300 million. What would be the value of a share of Vail Resorts stock in this scenario? The share price= $ Round your answer to two decimals places

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