Reizenstein Technologies $($RT$)$ has just developed a solar panel capable of generating $200\%$ more electricity than any solar panel currently on the market. As a result, RT is expected to experience a $14\%$ annual growth rate for the next $5$ years. By the end of $5$ years, other firms will have developed comparable technology, and RT$\text{'}$s growth rate will slow to $7\%$ per year indefinitely. RT has a $10\%$ weighted average cost of capital. The most recent annual free cash flow $($FCF$0)$ was $$2\mathrm{.}65$ million.

Calculate RT$\text{'}$s expected FCFs for t $=1,$ t $=2,$ t $=3,$ t $=4,$ and t $=5.$ Do not round intermediate calculations. Enter your answer in millions. For example, an answer of $$1$ million should be entered as $1,$ not $1,000,000.$ Round your answers to three decimal places.

FCF$1=$ $

million

FCF$2=$ $

million

FCF$3=$ $

million

FCF$4=$ $

million

FCF$5=$ $

million

What is the horizon value at t $=5($HV$5)?$ Do not round intermediate calculations. Enter your answer in millions. For example, an answer of $$1$ million should be entered as $1,$ not $1,000,000.$ Round your answer to two decimal places.

$

million

What is the present value of the horizon value? Do not round intermediate calculations. Enter your answer in millions. For example, an answer of $$1$ million should be entered as $1,$ not $1,000,000.$ Round your answer to two decimal places.

$

million

What is the present value of the free cash flows expected at t $=1,$ t $=2,$ t $=3,$ t $=4,$ and t $=5?$ Do not round intermediate calculations. Enter your answer in millions. For example, an answer of $$1$ million should be entered as $1,$ not $1,000,000.$ Round your answer to two decimal places.

$

million

What is the value of operations at t $=0?$ Do not round intermediate calculations. Enter your answer in millions. For example, an answer of $$1$ million should be entered as $1,$ not $1,000,000.$ Round your answer to two decimal places.

$

million