4. Luminous company has projected the following free cash flows: Year 1, $100,000; Year 2, $75,000; Year 3, $110,000; Year 4, $120,000; Year 5, $130,000; Year 6 and beyond, $130,000. The required rate of return on equity is 30 percent. SHOW ALL WORK. a. Using discounted cash flow, what is the present value of this venture? b. Now, assume that the firm has $75,000 in debt. What is the value of the firm to its owners (i.e., what is the value of the firm's equity?)