1. Use the following spreadsheet to solve the questions. a. Write out the years 2021 to 2025 projected annual FCFs given multistage growth. The short-term growth rate in FCFs is 3% for the next 4 years and the long-run growth rate in FCFs is 1%. b. Compute the intrinsic value using these 5 years of projected FCFs assuming the terminal value is a growth perpetuity. The WACC is 10% and the first cash flow in the terminal value is the year 5 future FCF. c. What is the equity value per share assuming there is 9000 shares outstanding