Flying Cow Aviation Inc. is expected to generate a free cash flow (FCF) or s 1,315,000 this year, and the FCF s expects grow, at a rate ori % oe the following two years (FCF2 and FCF3). After the third year, however, the company's trs are expected tog ow at a constant rate or per rear, which will last forever (FCF4-o ). Ir Flying Co 's weighted average cost or capital (WACC) is 14%, complete the following table and compute the current value of Flying Cow's operations. Round all dollar amounts to the nearest whole dollar, and assume that the firm does not have any nonoperating assets in its balance sheet and that all FCFs occur at the end of each year Year FCFI FCF2 FCF3 FCF4 Horizon Valuesco $1,315,000 ap Flying Cow's debt has a market value of $16,333,421, and Flying Cow has no preferred stock in its capital structure. If Flying Cow has 450,000 shares of common stock outstanding, then the total value of the company's common equity is of its common stock is , and the estimated intrinsic value per share per share. Assume the following The end or Year 3 differentiates Flying Cow's short-term and long-term FCFs. . Professionally-conducted studies have shown that more than 80% or the average company's share price is attributable Ong-term rather than short-term-cash flows. is the percentage of Flying Cow's expected long-term cash ows consistent with the value cited in the professional studies? O Yes, because 73.77% of the firm's share price is derived from its expected long-term rree cash flows. Yes, because 83.83% or the rimn's share price is derived from its expected long-term free cash nows. No, because the percentage or nying Cow's expected long-term cash nows is actually 16.17%. No, because only 56.60% or the firm's share price is derived from its expected long-term free cash nows. O O