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CORPORATE VALUATION Dantzler Corporation is a fast-growingsupplier of office products. Analysts project the following freecash flows (FCFs) during the next 3 years, after which FCF isexpected to grow at a constant 7% rate. Dantzler's WACC is 10%.Year 0 1 2 3 ....... ....... ....... ....... ....... .............. ....... ....... ....... ....... ....... ....... .............. ...... FCF ($ millions) - $12 $25 $42 What is Dantzler'shorizon, or continuing, value? (Hint: Find the value of all freecash flows beyond Year 3 discounted back to Year 3.) Round youranswer to two decimal places. Enter your answer in millions. Forexample, an answer of $13,550,000 should be entered as 13.55. $million What is the firm's value today? Round your answer to twodecimal places. Enter your answer in millions. For example, ananswer of $13,550,000 should be entered as 13.55. Do not round yourintermediate calculations. $ million Suppose Dantzler has $99million of debt and 8 million shares of stock outstanding. What isyour estimate of the current price per share? Round your answer totwo decimal places. Write out your answer completely. For example,0.00025 million should be entered as 250. $
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