What the Horizon Value of Question 22P in Chapter 7, (Brigham& Ehrhardt Financial Management - Theory & Practice, 15e)? See below. Kind Regards, Calculate the estimated horizon value (i.e., the value of operations at the end of the forecast period immediately after the Year- 4 free cash flow). Assume growth becomes constant after Year 3. The WACC is 9.5% and long-term growth is 5%.
		Current	Projected
		0	1	2	3	4
Free cash flow:			-$20.0	$20.0	$80.0	$84.0
Long-term constant growth in FCF:
Horizon value: