Part 3 (24 points) 2-stage DCF Model: Project and Discount Future Cash Flows: Important Assumption for Valuation: Assume: Future FCFFs will grow at that g (in Q.7) in each of the next five years and then starting in year 6 the FCFS will grow at constant 2% per year in perpetuity. 8.(9 p) Calculate Present Value of FCFS in the 5-year forecast period PVofFCF 9. (5 p) Calculate Present Value of Terminal Value (terminal g=2%) Q 10. (10 p) Calculate the Implied Stock Value per Share PV of TV= EV Firm Value Price 126,19