2. At the beginning of its fiscal year 2019, an analyst made the following forecast for GM, Inc. (in millions of dollars): Cash flow from operation Cash investment 2019 $1,035 425 2020 $3,180 480 2021 $3,155 445 2022 $2,120 820 GM did not have any short-term and long-term debt at the beginning of 2019. Assume that free cash flow will grow at 5 percent per year in 2023 and 2024, after that this will grow at 4 percent per year. GM had 305 million shares outstanding at the beginning of 2019, trading at $73.25 per share. Using a required return of 10 percent, calculate the following for GM at the beginning of 2019: a) The enterprise value. Equity value. Equity value per share. Based on your estimate, should investors buy the share of this company? [6 marks] [1 marks] [2 marks] [1 marks]