Start with the partial model in the file Ch$08$ P$25$ Build a Model.xlsx$.$ Selected data for the Derby Corporation are shown here. Use the data to answer the questions.

INPUTS $($In Millions$)$ Year

Current Projected

$01234$

Free cash flow $-$$$25\mathrm{.}0$ $$25\mathrm{.}0$ $$110\mathrm{.}0$ $$116\mathrm{.}6$

Marketable securities $ $70$

Notes payable $ $160$

Long$-$term bonds $ $480$

Preferred stock $ $80$

WACC $11\mathrm{.}00\%$

Number of shares of stock $50$

The data has been collected in the Microsoft Excel file below. Download the spreadsheet and perform the required analysis to answer the questions below. Do not round intermediate calculations.