3) Dozier Corporation is a fast-growing supplier of office products. Analysts project the following free cash...

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3) Dozier Corporation is a fast-growing supplier of office products. Analysts project the following free cash flows (FCFS) during the next 3 years, after which FCF is expected to grow at a constant 7% rate. Dozier's weighted average cost of capital is WACC = 13%. Year Free cash flow ($ millions) 2 3 -$20 $30 $40 a) What is Dozier's terminal, or horizon, value? b) What is the current value of operations for Dozier? c) Suppose Dozier has $10 million in marketable securities, $100 million in debt, and 10 million shares of stock. What is the intrinsic price per share? 3) Dozier Corporation is a fast-growing supplier of office products. Analysts project the following free cash flows (FCFS) during the next 3 years, after which FCF is expected to grow at a constant 7% rate. Dozier's weighted average cost of capital is WACC = 13%. Year Free cash flow ($ millions) 2 3 -$20 $30 $40 a) What is Dozier's terminal, or horizon, value? b) What is the current value of operations for Dozier? c) Suppose Dozier has $10 million in marketable securities, $100 million in debt, and 10 million shares of stock. What is the intrinsic price per share?