Alan smith, CFA, has been acted to vatue thas Corberation by usire that Has's fCiE will grow at 20 s for two years and at 6 thereafier. The carrent FCEE tor ius is 520 milion. The adjusted beta for the combony is 1.25 . The risk fiee return is 3.576 and market rok premium is 5.5. in your written response. please start with question numbers such as a), b4, ch, da. or e) before showing your work and answer to the question. a) What model (censtant, two-stage, or three-stage model) is appropriate to use to value HBS usirve FCFE model? (1 point) b) What is the required rate of return for HBS Corporation? (2 points) c) How much is the terminal value of HBS at end of year 2 ? (2 points) d) What is the estimated value of the firm's equity? (2 points) e) Given 50 million shares outstanding for HBS, what is the stock value per share? ( 1 point)