Question 1 15 Marks Consider the data below to perform valuation for your company using the free cash flow valuation model. The company's weighted average cost of capital is 12%, and it has R1,400,000 of debt at market value and R500,000 of preferred shares at its assumed market value. The estimated free cash flows over the next five years, 2014 through 2018, are given below. Beyond 2018 to infinity, the company expects its free cash flow to grow by 4% annually Year (0) 2014 2015 2016 2017 2018 Free cash flow (FCFt) R250,000 290,000 320,000 360,000 400,000 Required: 1.1. Estimate the value of your company's entire company using the free cash flow approach. (5) 1.2. Use your findings in part (1.1), along with the data provided above, to find the company's ordinary share value. (5) 1.3. If the company plans to issue 220,000 shares of ordinary shares, what is the estimated value per share