1. Merger analysis - Corporate valuation model Valuation of the target company is a critical aspect of a merger transaction. Different methods are used in acquisition, valuations such as the corpo valuation method, the adjusted present value approach, the free cash flow to equity approach, and so on. BTR Warehousing is expected to generate a free cash flow (FCF) of $155.00 million this year (FCF1=$155.00 million), and the FCF is expected to grow at a rate of 25.00% over the following two years (FCF2 and FCF3). After the third year, however, the FCF is expected to grow at a constant rate of 3.90% per year, which will last forever ( FCF4 ). BIR Warehousing's weighted average cost of capital (WACC) is 11.70%. Use corporate valuation method to complete yout analysis. - You would discount the FoFs using the in your vaduation. - The horzmon value of BTR, Warehousing's cash thows is (Note: Round your intermediate calculations to two decimal piaces. - The current total firm value of Bre Worehousang ogena (Note: Po not round your intermediate calculations.) $251,64 milion If bte Warehoosiog carrues 12,067 million of debt belore firm lios no nonoperating assets or phefermed stock, the value of equity