Aviva Corp is not planning to pay dividends to its common shareholders. Its operations are financed 49% by equity and 51% by debt. The cost of the debt is 5% and the required return on the equity is 9%. The number of outstanding stocks is 1 M and the market value of the Debt is $30 M. The next year's total operating cost and the cash used to fund new investments are expected to be respectively $21 M and $17 M. The Free cash flows are expected to grow at a 15% rate during 3 years and 5% thereafter. What are the values of the FCF1, FCF2, FCF3, and FCF4?

Aviva Corp is not planning to pay dividends to its common shareholders. Its operations are financed 49% by equity and 51% by debt. The cost of the debt is 5% and the required return on the equity is 9%. The number of outstanding stocks is 1M and the market value of the Debt is $30M. The next year's total operating cost and the cash used to fund new investments are expected to be respectively $21M and $17M. The Free cash flows are expected to grow at a 15% rate during 3 years and 5% thereafter. What are the values of the FCF1, FCF2, FCF3, and FCF4