Question #2. 60 marks Time t=1 t=2 t=3 NOPAT FCF WACC = 10%; 60 70 80 44 40 50 g=2% (growth rate in perpetuity). Year 3 (t=3) is the beginning of PERP. Required: a. 20 marks Use the FCF valuation model to compute the value of CORE (V) at t=0 b. 40 marks Use the RI valuation model to compute the value of CORE (V) at t=0, assuming the initial value of NOA is (1) 400 (NOA @ t=0), (ii) 100 (NOA @ t=0) V=