Jackson Ltd wishes to determine the value of its shares by using the Future Cash Flow (FCF) valuation model. To apply the model, the Chief Financial Officer (CFO) developed the data given below: Year 2010 2011 2012 2013 2014 FCF 640,000 750,000 880,000 960,000 980,000 Page 3 of 4 Additional Items: Growth rate of FCF beyond 2014 to infinity =3% WACC=9% Market value of all debt = N$3,100,000 Market value of preference shares = N$800,000 Nr of ordinary shares issued = 300,000 4.1. As a financial analyst, what value would you place on the shares of Jackson Ltd? (10 marks) 4.2. By how much would the value change if the growth rate of FCF beyond 2014 to infinity increases to 5%? (10 marks) 4.3. Would you buy the shares of Jackson Ltd in 2011? Support your answer. 4.4. Determine the value per share for Jackson Ltd? (2 marks) (3 marks)