$2.$ Smart Office is a fast$-$growing supplier of office spaces. Financial analysts projected its free cash flows for the next three years are $-$$$20,$ $$30,$ and $$40$ million and it will grow at a constant rate of $4\%$ after Year $3.$ Its weighted average cost of capital is $12\%.$

a$.$ What is the horizon value?

b$.$ What is the current value of operations?

c$.$ Smart Office has $$10$ million invested in markable securities$,$ $$100$ million in debt, $$50$ million in preferred stock, and $10$ million shares of common stock. What is the intrinsic price per share?