9. Rome Corporation invests in the research and development department and will not pay dividends for the next few years. The company Venetian Industries is interested in acquiring shares of Rome Corporation. Venetian's CEO has estimated Rome's free cash flows for the next 3 years: $7 million, $9 million, and $12 million. After the third year, free cash flow is expected to grow 5% steadily. Rome Corporation's weighted average cost of capital (WACC) is 7%, with the market value of its debt and preferred stock totaling $60 million. Rome Corporation has $22 million of non-operating assets and 9 million shares of common stock outstanding. (12 points) to. Calculate the present value of the expected free cash flows for the next 3 years. (4 points) b. Determine the market value of Rome Corporation's operations. (4 points) c. Calculate an estimate of Rome Corporation's share price. (4 points)