Problem #9 ABC Corp. has recently developed a solar panel capable of generating 200% more electircity than any other solar panels on the market. As a result, ABC is expected to have an annual growth rate of 15% for the next 5 years. By the end of 5 years, competitors will have caught up to ABC and this ABC's growth rate will slow to 5% for the foreseable future. ABC has a WACC of 12%. The most recent cash flow was $1.75 million. (Worth up to 45 points). 1. Calculate ABC's expected FCFs for t=1, t=2, t=3, t=4, and t=5. 2. What is the horizon value at t=5 (HV5)? 3. What is the present value of the horizon value? 4. What is the present value of the free cash flows expected at t=1, t=2, t=3, t=4, and t=5? 5. What is the value of ABC's operations at t=0