Year
	1	2	3
Free Cash Flow ($ millions)	-$20	$30	$40

For Acme Inc, given the above projected cash flows for year 1 to 3, and a constant growth rate of 7% after year 3, a WACC = 13%, $10 million of marketable securities, $100 million in debt and 10 million shares of stock, answer the following questions:

a) Calculate the horizon value.

b) What is the current value of operations?

c) What is the intrinsic price per share?