Kindly please provide me with the full solution (workings) of the following question. Your assistance will be greatly appreciated.

After gathering the 2020 financial statements of Page Industries (a South African manufacturer), you have obtained the following data: Page Industries Financial Data Current dividends per share R2.75 Current FCFE per share ? Current FCFF per share 253 Total Debt per share R200 Nominal interest 3% Equity risk premium 1.6% Beta 0.7 Alpha 1% WACC 6.94 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 As Page Industries 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 1.4% 1.5% 1.3% Payout ratio 20% 18% 19% ROE 14% 14.5% 13.5% ROIC 16% 16% 16% a) Determine the value per share, using the FCFE model. (12 marks)