Consider the following forecasts for 2021-2025 of the Future Cash Flows, EBITDA and Future Interest Tax Shield for Company Y if the expansion were not to occur. Assume that the EBITDA Multiple for the industry Company Y belongs to is 9. Assume a discount factor of 8% for the Free Cash Flows and for the Continuation Value, and a discount factor of 5% for the Interest Tax Shield. TABLE: Valuation Firm Value 2021 2022 2023 2024 2025 Free Cash Flow of Firm 21,000,110 24,125,326 26,062,385 28,154,758 30,414,839 EBITDA 49,986,541 Interest Tax Shield 17,500 17,500 17,500 17,500 17,500 What is the Present Value (at December 2020) of the Free Cash Flows forecast for Corporation Y if the firm was not to do the expansion? QUESTION 12 What is the Present Value (at December 2020) of the Continuation Value forecast for Corporation Y if the firm was not to do the expansion