Start with the partial model in the file chos P25 Build a Model.xlsx. Selected data for the Derby Corporation are shown here. Use the data to answer the questions. INPUTS (In Millions) Current Year Projected 2 3 $20.0 $80.0 0 1 4 - $20.0 $85.6 Free cash flow Marketable securities Notes payable Long-term bonds Preferred stock WACC Number of shares of stock $ 40 $ 100 $ 300 $ 50 11.00% 20 a. Calculate the estimated horizon value (ie, the value of operations at the end of the forecast period immediately after the Year-4 free cash flow). Assume growth becomes constant after Year 3. Enter your answer in millions. For example, an answer of $1.23 million should be entered as 1.23, not 1,230,000. Round your answer to two decimal places. $ 2273.75 million b. Calculate the present value of the horizon value, the present value of the free cash flows, and the estimated Year-O value of operations. Enter your answers in millions. For example, an answer of $1.23 million should be entered as 1.23, not 1,230,000. Round your answers to two decimal places 1497.79 million 113.10 million Present value of HV Present value of FCF Value of operations 1610.89 million c. Calculate the estimated Year-O price per share of common equity. Round your answer to the nearest cent. 60.04