5. Valuation " " Calculate the intrinsic value of Aristocrat using the discounted cash-flow (DCF) model. Compare your valuation with the valuations by other analysts/researchers and Aristocrat's current share price. Is Aristocrat fairly priced, overpriced or underpriced based on your calculation? Show some sensitivity or scenario analysis. What are the important variables that may affect your estimations? (State all the reasons and/or assumptions you made in your calculations. You need to: i. determine the period that Aristocrat will experience high growth and justify it, ii. prepare a pro forma financial statement to forecast the free cash flows (FCFS) during the high growth period, iii. forecast the horizon/terminal value, iv. determine and justify the short-term and long-term growth rates. v. provide an estimate value per share for Aristocrat.) The report needs to follow a proper business report with an executive summary (200-250 words) that clearly (i) summarizes your main findings and (ii) indicates, as a potential strategic investment target, based on your research and analysis.