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Please answer in the space provided below. If you make any calculations, to get any points, please also show clearly and in the correct order

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Please answer in the space provided below. If you make any calculations, to get any points, please also show clearly and in the correct order what formula(s) you used and what input values you used for each formula(s). Tatilya is a budget travel company and it will go public in Year 2021. Based on the following company and market information, What is the expected terminal value of the company in Year 2029? Weighted average cost of capital: 11% Marginal Tax rate: 24% 2020 Free Cash Flows (FCF) = $1.29 billions. Expected annual growth rate of FCF for the budget travel industry predicted by analysts: 14% per year until Year 2029 and a constant annual rate 8% after Year 2029 for the foreseeable future. At the end of 2017, you invested $2,000 in a portfolio. At the end of 2018, total value of your portfolio was $2,250. At the end of 2019, total value of your portfolio was $1,950. At the end of 2020, total value of your portfolio was $2,000. Please select the most appropriate choice to fill in the blank above. a. The geometric average time-weighted rate of return for you was about 100 percent per year. O b. The geometric average time-weighted rate of return for you was zero percent per year. c. The geometric average time-weighted rate of return for you was 402 percent per year. d. The annual geometric average time-weighted rate of return for you cannot be calculated since we do not have sufficient information. e. The geometric average time-weighted rate of return for you was 13.4 percent per year

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