For Celsius Holding Inc.

Perform a VALUATION of the firm using the intrinsic valuation model. To do this, you will be forecasting the firm's operations over the next 3 - 5 years. Again, feel free to make any helpful assumptions.

1. First review the firm's revenue growth pattern over the recent years and then come up with a growth rate to help you forecast revenues over the next 3-5 years 2. You may use the same revenue growth rate to forecast operating expenses (except fixed operating costs, if those apply) over the same period 3. Use the resulting free cash flows to estimate the intrinsic value of the firm 4. For the firm's WACC, you may estimate cost of debt (rD) based on the cost of the firm's current long-term debt or that of a comparable firm. For cost of equity, consider (i) bond yield-plus risk premium approach, (ii) CAPM, or (iii) dividend discount model. Note that for the dividend discount model, you will need to estimate an earnings growth rate (g). Analysts' forecast and recent earnings trends should provide some guidance. Caution! Earnings growth rate used to estimate the cost of equity is not necessarily the same growth rate used to forecast revenues.

Here is the data:

https://www.macrotrends.net/stocks/charts/CELH/celsius-holdings/balance-sheet

Please show calculation and graph