You are trying to calculate the enterprise value of DCB Corp using a free cash flow model. To that end you have put together some forecast for year 1 in the table below. Assume that free cash flows will grow at 1.5% in perpetuity and that the weighted average cost of capital of the firm (WACC) is 8%. Using this information, calculate the enterprise value of the firm. Express your answer in 5-millions and round to two decimals (do not include the S-sign in your answer). Forecasts for Year 1 (in S millions) Sales 125 44 8 ws 32 Cost of sales Selling, general and administrative expenses Depreciation Increase in Net Working Capital Capital expenditures Marginal corporate tax rate 6 38 25% You are trying to value the stock of XYZ Corp. Total earnings for year 1 are forecasted to be $178 million. You know that the company plans on paying out 39% of its earnings in the form of dividends and 24% in the form of share repurchases each year, and that all of the growth in future earnings will be through retained earnings. The company's return on new investment is 15%, its cost of equity is 12% and it has 60 million shares outstanding. Given this information, estimate the current share price for XYZ Corp. Round your answer to two decimals (do not include the $-symbol in your answer). Crane Inc. currently only returns cash to its investors in the form of dividends. It pays out 50% of its earnings per share. The return on new investment for Crane is 12.7%. Given this information, estimate the growth rate for the future dividends of Crane. Express your result in percent and round to two decimals (do not include the M-symbol in your answer). o) nto