5. Modul Industries estimates that it will generate the following free cash flows (in mill) in the next 5 years. 2019 Year Free Cash Flows 2020 102 2021 98 2022 2023 94 101 2024 105 After 2024, the business is expected to grow at a constant rate of 2%. The weighted average cost of capital is 8%. The company furthermore has EUR 100 million in cash and debt of EUR 5 million and 35 million shares outstanding. (5.5pts) Required: What is the estimated value of Modul Industries in 2019