This is the whole question!!!!!!!!!!

Selected data for the Derby Corporation are shown below. Use the data to answer the following questions.
INPUTS (In millions)		Year
		Current	Projected
		0	1	2	3	4
Free cash flow			-$20.0	$20.0	$80.0	$84.0
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 (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 after Year 3.
		Current	Projected
		0	1	2	3	4
Free cash flow			-$20.0	$20.0	$80.0	$84.0
Long-term constant growth in FCF
Horizon value