Giventhe following:

A firms projected free cash flows of

2021$20 million

2022$30 million

2023$50 million

After 2023, the growth rate will be steady at 4%

Cost of capital (WACC) = 8%

Value of marketable securities = $20 million

Value of long term debt=$12 million

10 million shares outstanding

calculate:a.the horizon value

b.the Value of operations

c.the stock price