Free Cash Flow $2024$

Free Cash Flow $2025$

Free Cash Flow $2026$

Free Cash Flow $2027$

Risk$-$Free rate

Debt Cost

Equity Cost

GDP expected rate

Tax ratio

$\%$Debt

$$243,400$

$$123,845$

$$341,565$

$$340,600$

$6\%$

$7\%$

$7\mathrm{.}7\%$

$3\mathrm{.}9\%$

$29\%$

$66\%$

Calculating the present value from $2024$ to $2027$ does not give the correct valuation, this will underestimating the value as we cannot project the value of the company $1$ through the above years cash flow only

Business is a going concern, it will continue till perpetuity so for valuation purpose we estimate the perpetual or future

$2$ cash flows till infinity which is called terminal value.