Sleigh Bells Ring & Co. does not pay dividends and does not plan on paying any in the future. Free Cash Flows for the next 3 years as follows:

Year 1: $20 million

Year 2: $27 million

Year 3: $33 million

After the 3rd year, free cash flow is projected to grow at a constant 6%.

SOFSC's WACC is 12%

It has a market value of debt of $20 million, the market value of preferred stock of $50 million, and 20 million shares of stock outstanding.

1. What is the estimated horizon value?

2. What is the firm's estimated total value today?

3. What is the firm's estimated stock price per share?