Consider the case of Flying Cow Aviation Inc.: Flying Cow Aviation Inc. is expected to generate a free cash flow (FCF) of $1,180,000 this year, and the FCF is expected to grow at a rever the following two years (FCF2 and FCF3). After the third year, however, the company's FCFs are expected to grow at a constant rate of 6% per year, which will last forever (FCF4). If Flying Cow's weighted average cost of capital (WACC) is 12%, complete the following table and compute the nonoperating assets in its balance sheet and that all FCFs occur at the end of each year. Flying Cow's debt has a market value of $16,875,959, and Flying Cow has no preferred stock in its capital structure. If 100,000 shares share of its common stock is per share (rounded to the nearest dollar). - The end of Year 3 differentiates Flying Cow's short-term and long-term FCFs. - Professionally-conducted studies have shown that more than 80% of the average company's share price is attributable to long-termrather than short-term-cash flows. Is the percentage of Flying Cow's expected long-term cash flows consistent with the value cited in the professional studies? Yes, because 85.70% of the firm's share price is derived from its expected long-term free cash flows. Yes, because 75.42% of the firm's share price is derived from its expected long-term free cash flows. No, because only 50.05% of the firm's share price is derived from its expected long-term free cash flows. No, because the percentage of Flying Cow's expected long-term cash flows is actually 14.30%