3. Suppose TSM has a projected FCF next period of $100 which is expected to grow terminally at 1.25% into the future. TSM is 100% equity financed, has issued no preferred stock, and has 500 shares outstanding. a. Compute TSM's cost of capital using the CAPM model. The risk-free rate is 1.5%, the beta is 2, and the market premium is 5%. b. What is TSM's equity value per share