Part b. You are a senior financial analyst of a firm based in Melbourne. You have been assigned with the task of training interns who recently joined your firm on how to use the free cash flow model to estimate the value of a company. You have collected data on the following data: Year 2019 2020 2021 2022 2023 Long-term Debt ($M) 55000 50,000 52,000 51,000 53,000 Profits ($M, after tax) 10,000 16,000 18,000 21,000 24,000 Interest ($M, after tax) 1,000 1,100 1,050 1,200 1,075 Working Cap ($M) 10,000 12,000 14,000 13,000 13,000 Depreciation ($M) 25,000 26,000 27,000 28,000 29,000 Cap Spending ($M) 24,000 27,000 31,000 35,000 Cost of equity 0.11 0.12 0.13 0.15 WACC 0.15 0.15 0.14 0.17 Number of equity shares (Million) 2,000 Terminal growth rate 0.04 Using the information you have collected above, perform calculations to explain to interns as to how the following are calculated: Free cash flow to firm Free cash to equity iii. Value of the firm according to the free cash flow to firm method Value firm