3. Daniel Loeb claims that FANUC's share price could increase to as much as $35,000 per share if the company followed his recommendations. Evaluate this claim by answering the following questions: a. Value FANUC based on the cash flow forecasts given in the case (that were made prior Loeb's engagement by an outside analyst). What value per share do they imply? b. Suppose FANUC performed a leveraged re-capitalization by raising debt and immediately paying out the proceeds as a special dividend. How do you expect the share price to respond if (1) FANUC announced to raise $700 billion in debt and committed to maintaining this level of debt in the future or (ii) FANUC announced to adopt a new target leverage ratio that reflected industry norms in Japan? c. In light of these results, evaluate qualitatively additional aspects of Loebs suggested changes, do you think a target share price of 135,000 is realistic or not