Greetings, May you kindly please provide me with the full solution to this problem(i.e. showing all workings). Your assistance will be greatly appreciated.

Netflieks Financial Data Current dividends per share R2.75 Current FCFE per share ? Current FCFF per share 321 Total Debt per share R200 Nominal interest 3% Equity risk premium 1.6% Beta 0.7 Alpha WACC 7.4 CAPM rate of return 14% Risk free rate 5% Net Profit Margin 11% Financial Leverage 0.72x Total Asset Turnover 1.1x Number of shares outstanding 300 000 1% As Netflieks does not have a long enough financial history, you have estimated additional growth rates below: Year 1 to 3 Year 4 to 8 Year 8 onwards Growth in earnings and FCFF Payout ratio ROE ROIC 1.4% 20% 14% 16% 1.5% 20% 14% 16% 1.3% 20% 14% 16% a) Determine the value per share, using the FCFF model. (12 marks)