Angel Enterprise was going public in 2018. You were wondering whether the $30 per share offer price is a fair price. You decided to use discounted cash flow approach to value the companys stock. You gathered the following data: Year FCF Other Data 2019 $600,000 Growth rate of FCF beyond 2023 = 3% 2020 $900,000 Weighted Average Cost of Capital (WACC) = 10% 2021 $1,400,000 The firm has no debt 2022 2023 $1,800,000 $2,500,000 Number of common shares outstanding = 1,000,000 a. Based on your valuation, what is the common stock per share? Is the stock worth buying? b. What is the common stock per share if the terminal growth rate (growth rate beyond 2023) were 5% instead of 3%? Please cut and paste your Excel spreadsheet here.