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The following data apply to the next six questions. Dette Inc is growing quickly. Revenues, which are forecast to be $500 million in one year are expected to grow at 10% per your the two years after that, 8% per year for the next two years, and 6% per year after that. Expenses including deprecation are con revenues. Net investment, including net working capital and capital expenditures less depreciation is 10% of revenuen les costs are proportional to revenues, not cash flows (sometimes referred to as free cash flow) grows at the same rate as do Dota is an all-equity firm with 12 million shares outstanding. Assume that Delta has a 35% tax rate and the company's box has beta of 15. The risk-free rate is 4%, and the market risk premium is 8% 21 of 30 What rate should be used to discount the firm's cash flows? a 6.00% 9.50% 12.00% d. 15.00% None of the above 22 of 30 What is your estimate to the Terminal Value (TV? 51.268 million D$1,171 million 51.047 min Od 51378 million None of the above 23 of 30 What is your estimate to the value of the firm using DCF approach O 5735 million 5774 milion $879 min d. $915 million None of the above