Question 2 (12 MARKS) (Hint: you should spend approximately 16 minutes on this question) Meta's market value fell from \$1.1T in September 2021 to below \$250B in early November 2022 before recovering slightly since. The company has no outstanding debt. Using what you learned in Weeks 4 and 9 , you could, in very simple terms, compute the value of Meta as the ratio of total annual free cash flow divided by the difference between the cost of capital and the future growth rate in cash flows "Gordon Growth Formula applied to aggregate cash flows, i.e. Value =FCF/(rg). (a) Name 2 distinct developments that will likely have affected (or are about to affect) Facebook's valuation via the level of Free Cash Flow in the valuation formula. Explain as clearly as you can how they affect this variable. Do not discuss reasons that exclusively affect the firm's value through the other two variables in the formula. (b) In one paragraph, explain to what extent the effects you mentioned in 1) represent idiosyncratic or systematic effects