Dozier Corporation is a fast-growing supplier of office products. Analysts project the following fre… Show more Dozier Corporation is a fast-growing supplier of office products. Analysts project the following free cash flows (FCFs) during the next 3 years, after which FCF is expected to grow at a constant 7% rate. Dozier’s WACC is 13%. Year 0 0 1 1 2 2 3 3 Year ……. ……. ……. ……. ……. ……. ……. ……. FCF ($ millions) ……. ……. ……. ……. ……. ……. ……. …… FCF ($ millions) NA NA – 20 – 20 22 22 56 56 What is Dozier’s terminal, or horizon, value? Round your answer to two decimal places. (Hint: Find the value of all free cash flows beyond Year 3 discounted back to Year 3.) What is the firm’s value today? Round your answer to two decimal places. Suppose Dozier has $33 million of debt and 24 million shares of stock outstanding. What is your estimate of the price per share? Round your answer to two decimal places. • Show less



