Chapters A A A ? 8-2 Build a Model: Free Cash Flow Valuation Model Start with the partial model in the file Cho8 P22 Builda Modelxlsx on the textbook's Web site. Selected data for the Derby Corporation are shown below. Use the data to answer the following questions WEB a. Calculate the estimated horizon value (i.e., the value of operations at the end of the forecast period immediately after the Year-4 fhee cash now) b. Calculate the present value of the horizon value, the present value of the free cash flows, and the estimated Year-0 value of operations. c. Calculate the estimated Year-0 price per share of common equity. INPUTS (In Millions) Year Current Projected 4 Free cash flow Marketable securities Notes payable Long-term bonds Preferred stock WACC Number of shares -$20.0 $20.0 $80.0 $84.0 40 $ 100 $300 s 50 9.00% of stock 40