Selected data for the ABC Corporation are shown below. Use the data to answer the following questions. Assume growth becomes constant (5%) after Year 4 . INPUTS (In millions) Free cash flow Marketable Securities Notes payable Long-term bonds Preferred stock WACC Number of shares of stock Current 0 $40 $100 $300 $50 9.00% 40 Year INPUTS (In millions) Current 0 Free cash flow Marketable Securities $40 Notes payable $100 Long-term bonds $300 Preferred stock $50 WACC 9.00% Number of shares of stock 40 a. Calculate the estimated horizon value at the end of Year 4 (i.e., the value of operations at the end of the forecast period immediately after the Year- 4 free cash flow). Assume growth becomes constant (5%)