Propulsion Science is considering going public but is unsure of a fair offering price for the company. Before hiring an investment banker to assist in making the public offering, managers at Propulsion Science have decided to make their own estimate of the value of the company's ordinary shares. The company's CFO gathered the following data for performing the valuation using the free cash flow valuation model. The company's weighted average cost of capital is 15%. It has $2,000,000 of debt at market value and $800,000 of preferred equity at its assumed market value. The estimated free cash flows over the next three years, 2018 to 2020 are given in the table below. Beyond 2020, to infinity, the company expects its free cash flow to grow by 5% annually. Year 2018 2019 2020 Free Cash Flow $800,000 1,000,000 Answer the following questions: a. Estimate the value of Propulsion Science's entire company by using the free cash flow approach (Marks: 4) b. Using your finding in part (a), along with the data provided above, find the value of ordinary shares of (Marks: 2) Propulsion Science. C. If the company plans to issue 250,000 ordinary shares, what is its estimated value per share? (Marks: 2) d. If you are offered 10,000 shares of Propulsion Science at $20 per share, would you consider it a good buy? Provide a brief explanation for your answer. (Marks: 2) Please show your calculations clearly