2. (15 points) The following table shows the annual amount of free cash flow for the Torres Del Paine Cafeteria available to the equity investors Year 2022 2023 2024 2025 Free cash flow $177,000 483,000 889,000 2,260,000 Torres Del Paine Cafeteria's management is interested in determining the equity value of the venture as of the end of 2021. Because Torres Del Paine Cafeteria is in its startup life cycle stage, management and venture investors believe that 40 percent is an appropriate discount rate until 2025. Then it is expected to grow at a 8 percent annual rate thereafter. By that time it will have survived and will become a more typical firm with an estimated cost of equity capital of 20 percent. One million shares of common stock are outstanding, a. Determine Torres Del Paine Cafeteria's terminal or horizon value at the end of 2024. b. What is the present value of Torres Del Paine Cafeteria (the value at the end of 2021)