Based on the free cash flow forecast provided in Appendix 3 of the case, and assume a range of 9-11% WACC and 1-3% terminal value growth rate, what is the range of values for Saito Solar?

Appendix 3. Saito Solar, Projected Profit & Loss and Cash Flows (millions of Yen, year ending June 30) Actual 2012 6,234.1 4,041.9 2,192.2 35.2% ecte Sales COGS Gross margin 2013 201420 206 2017 7.792.6 9,351.2 10,753.8 11,829.2 12,420.7 4.9948 59938 6.892.8 582.1 Z9612 2,797.8 3,357.4 3,861.0 4,247.1 4,459.5 35.9% 35.9% 35.9% 35.9% 35.9% Gross margin ( Marketing & selling G&A expenses EBITDA 1,030.2 1,202.0 1,344.2 504.41,722.9 1,875.0 660.2 960.0 1.134.2 1.180.2 200.0 935.6 1,053.2,222.4 1,344.0 1,384.5 12.0% 11.3% 11.4% 11.4% 11.1% 593.0 9.5% EBITDA margin (%) 1564 436.6 0% 761.2 9.8% 1744 190 20 2205 250.0 863.2 1,022.4 1,123.5 1,134.5 9.1% EBT EBT margin (9%) 9.2% 9.5% 9.5% 172.5 264.1 289.3 328.0 3884262431.1 703.4 5.7% Net Income (NI) 472.0 6.1% 535.2 5.7% 633.9 5.9% 696.6 5.9% Return on sales (%) Operating Cash Flows 420.5 646.4 725.833.9 9171953.4 NI+ Depreciation) Change in NWC Change in CAPEX Free Cash Flow (170.4) 0 250.1 (200.0) (210.0 (245.0 260.0) (275.0) (50.0 50.0 50.0 (50.0) 50.0) 396.4 465.2538.9 607.1628.4