An analyst has estimated the following pro-forma income statements and balance sheets for the years 2015-2019 for the company SILIPHONE Inc.:

The analyst tells you that Cash is part of the firms operating current assets. The firms interest bearing debt consists of Short-term debt and Long-term debt. The analyst is using a weighted average cost of capital (WACC) of 10% and he believes the long-term growth rate in free cash flows will equal 5%. a) Estimate firm free cash flows for the years 2015-2019. b) Compute both the enterprise value and the equity value of SILIPHONE.