Please see attached images for full questions, the idea is to teach the concepts

1. Assume that a public corporation has 1,000,000 shares outstanding and faces a marginal tax rate of 20%. Also, assume this colporation: (a) plows-back 50% of its net income into the lm for reinvestment and (b) has lGross Income of at least $100 million for the last reporting period. First, you are to create the necessary Balance Sheets and Income Statement and then calculate the annual Cash Flow 'om Assets (aka: CFFA or Free Cash Flows (FCFD. A constraint here, however, is that your CFFAD must range between $12,000,000 and $15,000,000 annually. Second, after calculating CFFAD, you are to assume that this corporation is a constant-growth perpetuity and estimate its present value (aka: intrinsic value). Assume the market determined risk adjusted required rate of return (aka: the appropriate discount rate, WACC) is 6.125% for this corporation. Said another way, you are to replicate and explain the relevant parts of the textbook, notes, and lectures associated with this question. Teach the conceptjsl. 2. Teach me the concept of intrinsic valuation for stock price (PD) of a Two-Stage non- constant (aka: Super Normal) growth lm]. 3. Teach me the concepts of interest rate risk and reinvestment risk. Given these concepts of risk, what does this say about risk-free bonds? 4. Pick a CFFAU between $10,000,000 and $4,900,000 annually for a constant growth rm. We will call this rm the subject rm, and we will assume that this lm's cash ows from assets are growing at a constant rate. Comparable constant growth fnms are selling for $150,000,000 with CF F A" of $7,500,000 and a constant growth rate in their C F F A\" of 3.00%. Furthermore, assume that you have no reliable way to calculate the subject rm's WACC. Given all of these conditions, you are to provide an estimate of value for the subject rm. Teach the conceptgs !.