$(22-15)$ The financial statements of Can Cable Fabricators are shown below, with the actual results for $2021$ Corporate Valuation and the projections for $2022.$ Free cash flow is expected to grow at a $5\%$ rate after $2022.$ The weighted average cost of capital is $10\%.$

a$.$ If operating capital as of December $31,2021,$ is $$502\mathrm{.}2$ million, what is the free cash flow for December $31,2022?$

b$.$ What is the horizon value as of December $31,2022?$

c$.$ What is the value of operations as of December $31,2021?$

d$.$ What is the total value of the company as of December $31,2021?$

e$.$ What is the price per share for December $31,2021?$

Income Statements for the Year Ended December $31($Millions of Dollars Except for PValuation and Governance

$\backslash$table$[[,\backslash$table$[[$Actual$],[2021$er$-$Share Data$)$

$\backslash$table$[[,$Actual $2021,$ Projected

$2022$