please give a handwritten solution

A Venture Capital firm (VC Inc.) is planning to invest in an e-commerce start-up (EC Ltd.). VC Inc. wants a large stake in this start-up firm (EC Lid) and has plans to go for a 215 stake in the company. EC Lid owners are willing to give up a 21% stake. Finance Manager Sui at VC Inc. has made cash flow projections for ECLid. Sui has suggested the following: - Cash Flows of EC Ltd. will grow at a constant rate of 8% every year for the first five years (From 0-1, 1-2, 2-3, 3-4, 4-5 years). From the 5th year onwards, it will grow at 6% every year, subsequently forever. The Cash Flow today is 5100 million. The discount rate is 125 APR compounded annually How much is EC Led, going to raise from VC Inc. today if they are diluting their stake by 21% based on the valuation made by Sui? Note: Calculate the value of EC Led today 27% of the value of EC d. at the amouf being raised Do not add the cash flow [5] Response 20000 Max Upto 20000 Characters