$5.$ Ignatius Industries is considering going public but is still determining a fair offering price for the company. Before hiring an investment banker to assist in making the public offering, managers at Ignatius have decided to make their own estimate of the firm's common stock value. The firm's CFO has gathered data for valuating using the free cash flow valuation model.The firm's weighted average cost of capital is $12\%,$ and it has $$1,500,000$ of debt at market value and $$550,000$ of preferred stock at its assumed market value. The estimated free cash flows over the next $5$ year, $2024$ through $2028,$ are given below. Beyond $2028$ to infinity, the firm expects its free cash flow to grow by $3\%$ annually,