Part b. You are a senior financial analyst of a firm based in Sydney. 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 2023 2020 4.0 2024 Interest rate on long-term debt (%) EBIT ($M) Depreciation (SM) Cap Spending ($M) Cost of equity WACC Number of equity shares (Million) Terminal growth rate Tax rate 2021 5.0 45,000 38,000 36,000 0.10 0.13 2022 5.5 47,000 36,000 35,000 0.12 6.0 45,000 39,000 37,000 0.10 0.15 6.5 50,000 41,000 40,000 0.13 0.14 0.16 4,000 0.06 0.30 The long-term debt in 2020 was $58000. The company plans an annual compound growth of 5% for the long-term debt. The working capital of the company in 2020 was $15,000. The company plans an annual compound growth of 6% for the working capital. Using the information you have collected above, perform calculations to explain to interns as to how the following are calculated: 1. Free cash flow to firm 11. Free cash to equity iii. Value of the firm according to the free cash flow to firm method iv. Value of the firm according to the free cash flow to equity method V. Estimated price of an equity share according to the free cash flow to firm method and the free cash flow to equity method